Electoral competition

    Papers & Opinions


    Paper


    Posted on 4 August 2022

    We characterize conditions under which the majority of voters supports a bailout despite incurring bailout expenditures. This yields inefficiently high investments when economic prospects are good. When economic prospects are...

    Paper


    Posted on 10 June 2022

    A collective and an individual investment in financial literacy, plus intrinsic skills, contribute to each household's financial literacy. We show that low- and high-skilled households oppose the collective investment, contrary...