While the theoretical literature on non-cooperative legislative bargaining has grown voluminous, there is little empirical work attempting to test a key prediction in this literature: proposal power is valuable. This paper aims to fill this gap in the literature by investigating the role of...

While representation in the U.S. House is based upon state population, each state has an equal number (two) of U.S. Senators. Thus, relative to the state delegations in the U.S. House, small population states are provided disproportionate bargaining power in the U.S. Senate. This paper provides...

This paper tests for the capitalization of policy platforms into equity prices using a sample of 70 firms favored under Bush or Gore platforms during the 2000 U.S. Presidential Election. Two sources of daily data during the six months leading up to the election are incorporated: firm-specific...

Local public goods financed from a national tax base provide concentrated benefits to receipient jurisdictions but disperse costs, creating incentives for legislators to increase own-district spending but to restrain aggregate spending due to the associated tax costs. While these common pool...

We analyze a model of US presidential primary elections for a given party. There are two candidates, one of whom is a higher quality candidate. Voters reside in m different states and receive noisy private information about the identity of the superior candidate. States vote in some order, and...

This paper investigates the link between gender and crime using information from a gender-based lockdown policy in Bogota Colombia during the pandemic. Under the policy, men were allowed out on odd days and women on even days, and we investigate whether overall crime rates differed and whether...

This paper investigates the effects of state censorship of opposition media using evidence from the closing of RCTV, a popular opposition television channel in Venezuela. The government did not renew RCTV's license, and the channel was replaced overnight, during May 2007, by a pro-government...