Policy changes

    Papers & Opinions

    Electoral politics | Political institutions | Theory

    Leaping into the Dark: A Model of Policy Gambles with Self-Fulfilling Features

    Paper

    Posted on 22 November 2021

    By Kartik Anand

    We examine why rational voters support risky “policy gambles”, even when detrimental to welfare, over maintaining a safe status quo. We present a model of electoral competition with two groups...
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    Corporate finance | Political institutions

    Changes in the Electorate and Firm Values: Evidence from the Introduction of Female Suffrage in Switzerland

    Paper

    Posted on 2 August 2021

    By Jörg Stahl

    This paper analyzes the effect of the composition of the electorate on corporate prospects. Electorates constantly change, and support-maximizing policymakers adjust their legislative behavior to accommodate shifts in voter preferences....
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