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SSRN Research Paper Series
The Social Science Research Network’s Research Paper Series includes working papers produced by Stanford GSB the Rock Center.
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Veto Players and Policy Development
We analyze the effects of veto players when the set of available policies isn’t exogenously fixed, but rather determined by policy developers who work to craft new high-quality proposals. If veto players are moderate, there is active competition…
What Happens When Anyone Can Be Your Representative? Studying the Use of Liquid Democracy for High-Stakes Decisions in Online Platforms
Since the 19th century, political reformers have proposed broadening civic and corporate governance by allowing voters to delegate to any other voter — sometimes known as liquid democracy. Today, systems like liquid democracy have become an…
Media Consolidation
Recent decades have seen major changes to the local media environment in the United States, with the absorption of many formerly independent local TV stations into conglomerates. Using a comprehensive dataset of acquisitions, we examine the…
Present Bias in Politics and Self-Committing Treaties
We study how international agreements can take advantage of domestic time-inconsistency problems in the context of environmental policies. For example, policymakers will prefer future policies to be sustainable, but find it tempting to raise…
The Incentives to (Not) Debate in Low-Information Races
Why are there few debates in low-information elections where they have the greatest potential to inform vote choices? Consistent with weak incentives to reveal qualifications or make policy commitments, we find only a quarter of Parliamentary…
The Gas Trap: Outcompeting Coal vs. Renewables (R&R, JPE)
We analyze a fundamental dilemma and time-inconsistency problem facing a climate coalition producing natural gas. In the short term, it is tempting to export more to outcompete coal. When this policy is anticipated, however, investments in…
Democracy Corrupted: Apex Corruption and the Erosion of Democratic Values
Democratic values are eroding just as citizens perceive increasing corruption, with numerous cases implicating the highest-level politicians. Could perceived increases in apex corruption be weakening democracy? We first present event study…
Political Trenches: War, Partisanship, and Polarization
We study the dynamics between local segregation, partisanship, and political polarization. We exploit large-scale, exogenous and high-stakes peer assignment due to universal conscription of soldiers assigned from each of 34,947 municipalities to…
What Kinds of Incentives Encourage Participation in Democracy? Evidence from a Massive Online Governance Experiment
How can we democratically govern the AI, social media, and online platforms of the future? Today, low participation is a major barrier to community governance online. We leverage a digital quasi-experiment that allows us to study the links…
Contingent Trade Agreements (R&R, Economic Journal)
How can trade motivate environmental conservation? I develop a model that combines trade-specific investments (e.g., deforestation) with environmental externalities. Traditional trade agreements raise investments and thus deforestation.…
Trade and Trees
International trade and tropical deforestation interact in multiple ways. This paper first presents a dynamic model whereby the South (S) depletes to export the extracted units (timber) or the produce (beef) from land available after…
Financial Market Exposure Increases Generalized Trust, Particularly among the Politically Polarized
Generalized trust is essential for supporting the functioning of modern societies, yet many countries experience limited trust. Given the social, economic, and political benefits of trust, it is crucial to understand how to increase generalized…
Revolutionary Contagion
We compare political mobilization and support for democratic values during the French Revolution among the home bailliages and among individual members of French regiments sent with the Comte de Rochambeau to fight alongside American…
Election-Denying Republican Candidates Underperformed in the 2022 Midterms
We combine newly collected election data with records of public denials of the results of the 2020 election to estimate the degree to which election-denying Republican candidates for senator, governor, secretary of state, and attorney general…
Organizational Capacity and Project Dynamics
This paper provides a dynamic theory of the effects of organizational capacity on public policy. Consistent with prevailing accounts, a bureaucratic organization with higher capacity, i.e., a better ability to get things done, is more likely to…
Conquered but not Vanquished: Complementarities and Indigenous Entrepreneurs in the Shadow of Violence
Under what conditions can members of poor disenfranchised communities survive and even foster entrepreneurship in environments where violence is cheap? How do such conditions alter ethnic identities and political institutions? In this paper, we…
The Common Determinants of Legislative and Regulatory Complexity
Legislative and regulatory reforms often contain various forms of complexity — multiple contingencies, exemptions and alike. Complexity may be desirable if it better satisfies the needs of political constituencies, and if these benefits are…
Civil and Ethnic Conflict in Historical Political Economy
Despite great falls in global poverty, civil and ethnic conflict remains tragically common. In this chapter, I examine the patterns of persistence and change in conflict around the world through the lens of historical political economy. I compare…
Markets under Siege: How Differences in Political Beliefs can Move Financial Markets
Can differences in beliefs about politics, particularly the benefits of war and peace, move markets? During the Siege of Paris by the Prussian army (1870–71) and its aftermath, we document that the price of the French 3% sovereign bond (rente)…