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Showing 141-160 of 628 items.

A Model of Competing Narratives

By Kfir Eliaz and Ran Spiegler

American Economic Review, December 2020

We formalize the argument that political disagreements can be traced to a "clash of narratives." Drawing on the "Bayesian Networks" literature, we represent a narrative by a causal model that maps actions into consequences, weaving a selection of other ra...

Do Democracies Have Different Public Policies than Nondemocracies?

[Symposium: Political Economy]

By Casey B. Mulligan, Ricard Gil, and Xavier Sala-i-Martin

Journal of Economic Perspectives, Winter 2004

Estimates of democracy's effect on the public sector are obtained from comparisons of 142 countries over the years 1960-90. Based on three tenets of voting theory--that voting mutes policy preference intensity, political power is equally distributed in de...

Estimating Judicial Ideology

[Symposium: Polarization in Courts]

By Adam Bonica and Maya Sen

Journal of Economic Perspectives, Winter 2021

We review the substantial literature on estimating judicial ideology, from the US Supreme Court to the lowest state court. As a way to showcase the strengths and drawbacks of various measures, we further analyze trends in judicial polarization within the ...

Legislative Organization

[Symposium: Political Economy]

By Keith Krehbiel

Journal of Economic Perspectives, Winter 2004

With an emphasis on the U.S. Congress, this essay addresses political economy approaches to the study of legislative organization. Simple models provide a foundation for more sophisticated studies of one of two problems: how coalitions of intense minoriti...

Planning on the Potomac: A Review Essay on Jason E. Taylor's Deconstructing the Monolith: The Microeconomics of the National Industrial Recovery Act

By Joshua K. Hausman

Journal of Economic Literature, March 2021

Taylor (2019) details heterogeneity in the effects of the National Industrial Recovery Act (NIRA) across industries and across time. Through first the President's Reemployment Act (PRA) and then industry-specific "codes of fair competition," the NIRA rais...

Historical Presidential Betting Markets

[Symposium: Event Markets]

By Paul W. Rhode and Koleman S. Strumpf

Journal of Economic Perspectives, Spring 2004

This paper analyzes the large and often well-organized markets for betting on U.S. presidential elections that operated between 1868 and 1940. Four main points are addressed. First, we show that the market did a remarkable job forecasting elections in an ...