To explore the propagation of undesirable policies in a form of populist extremism, we construct a social learning model featuring agency problems. Politicians in different countries sequentially implement a policy. Voters learn the incumbent politician's type and the desirable policy by...

To explore the propagation of undesirable policies in a form of populist extremism, we construct a social learning model featuring agency problems. Politicians in different countries sequentially implement a policy. Voters learn the incumbent politician's type and the desirable policy by...

To explore the propagation of populist extremism across countries, we construct a multi-country model wherein each country's politician sequentially implements a policy. Voters learn the incumbent politician's type and the desirable policy by observing foreign policies on top of the domestic...

This paper shows that increased factor mobility might cause the ``race to the top'' in setting the minimum wage, contrary to what other studies have suggested. By focusing on geographical labor mobility, we propose a minimum wage competition model and show that minimum wage rates may increase...

Under capital tax competition, surprisingly, Ogawa and Wildasin (2009, American Economic Review, 99(4), 1206-1217) find that uncoordinated policymaking leads to a first-best outcome even in the presence of transboundary pollution.However, I show that if the level of environmental regulation is...

I analyze the effect of minimum wage hikes on housing rents, which is illuminating in understanding the desirability of minimum wages for two reasons. First, if the minimum wage increases housing rents, it unintentionally benefits homeowners rather than workers. Second, the rent is a sufficient...

This study investigates how supermajority rules in a legislature affect electoral competition. To this end, we construct a probabilistic voting model and show that supermajority rules magnify the divergence of policy platforms generated by aggregate uncertainty about the electoral outcome. Thus,...