Players are assumed to rank each other as coalition partners. Two processes of coalition formation are defined and illustrated: i) Fallback (FB): Players seek coalition partners by descending lower and lower in their preference rankings until some majority coalition, all of whose members...

In this study, we examine two key issues situated at the intersection of corporate governance and corporate political activity literature. The first is whether the presence of ex-politicians or former government officials on a corporate board provides a competitive advantage for the firm. A...

We conduct a survey experiment among 18,000 respondents in Germany to examine the determinants of support for rent control policies. Highlighting undesirable price and supply effects lowers respondents' agreement with rent control, while pointing out that it can prevent displacement of...

This paper presents novel empirical evidence that gambling style behaviour – which has been documented in many areas of economic decision-making – is important in politics. We show that politicians 'gamble for re-election' in the context of a political leader selection. To overcome...

We investigate the effect of elections on underreporting COVID-19 mortality, measured as the difference between excess mortality and official statistics. Our identification strategy takes advantage of a natural experiment of the unanticipated onset of the Coronavirus pandemic in 2020 and the...

We study how colleges shape their students' voting habits by linking millions of SAT takers to their college-enrollment and voting histories. To begin, we show that the fraction of students from a particular college who vote varies systematically by the college's attributes (e.g. increasing with...

We examine how cultural norms shape attitudes toward immigration. Our causal identification relies on comparing students who moved across the East-West border after German reunification with students who moved within former East Germany. Students who moved from East to West became more positive...

The UK's decision to leave the EU continues to have major economic, political and social implications. It is therefore unsurprising that the reasons behind Brexit have been widely discussed. However, whilst existing empirical evidence has tended to focus on specific factors, we undertake a...

We evaluate how traditional parties may respond to populist parties on issues aligning with populist messages. During the 2020 Italian referendum on the reduction of members of Parliament, we conducted a large-scale field experiment, exposing 200 municipalities to nearly a million impressions of...

Many governments operate consumer debt relief programs, often timed to match the election cycle, but their political effects are not well understood. We ask if debt relief can influence elections in democracies. Our motivating exercise is the Biden administration's promise to relieve student...