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Apparently judges’ decisions are not motivated by maximizing their own profit. The literature uses two strategies to explain this observation: judges care about the long-term monetary consequences for themselves, or individuals who are more strongly motivated by the common good self-select...
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Election in 2009. We conducted a daily web survey for seven days before and after the election, obtaining1068 responses … significantly unhappier on the day following the election. However, happiness returned to the previous level in one or two days … that the happiness level of those whose expectation of the election results were realized did not change, while that of …
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Estimating difference-in-differences models on a comprehensive dataset of Italian companies, we provide novel insights into the literature on political uncertainty and firm investment. We first establish that local political uncertainty leads to declining investment. Next, we show that family...
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