Events

Abstract: Technology development is unequal. Existing research suggests that the lack of credible and profitable market demand causes such unequal innovations, leading to the neglect of technologies with low market returns. We study how international organizations (IOs) can mitigate such inequalities. Specifically, IOs can leverage their central role in global aid procurement and provide information […]

The 2010-12 European banking crisis triggered severe recessions, job losses, and austerity measures. In response, member states delegated some bank-supervision authority to the European Union (EU). We argue that blame for a taxpayer-funded bank rescue can be shifted from the government to the EU, especially from Left-wing governments, and especially by Eurosceptic citizens. We also […]

We employ difference-in-differences (DiD) event studies to assess the impact of Trump’s "Liberation Day" tariff announcement on sovereign bond spreads and yields in emerging markets (EMs). We consider a largely unexplored question: how do trade policy shocks affect the cost of EM sovereign borrowing? Using daily data surrounding the tariff announcement, we find that countries […]

Abstract: Despite the well-documented nationalization of local politics over the late 20th century, one type of local organization has flourished: the chamber of commerce. Local chambers, influential interest groups in which firms operating in a given municipality band together to lobby for improved local business conditions, are now present in over 6,700 municipalities across nearly […]

Tackling climate change generates non-rivalrous and non-excludable benefits, while the costs of climate action fall on individual firms. This should incentivize firms to free ride on each others’ efforts. Yet, corporate lobbying on climate issues has increased steadily across sectors. We develop a framework where exposure to climate disasters reduces free-riding by aligning private incentives […]

How does automation in the Global North shape politics and violence in the Global South? We develop a political economy theory in which robot adoption in advanced economies reduces demand for export-oriented labor in developing countries, depressing wages and employment and creating social and political consequences. We test this argument in Mexico, a close trade […]

When do exporting firms impose trade barriers against their foreign competitors in global markets? In this paper, I contend that the decline of market power drives exporting firms’ support for restrictive trade policies. I develop a theoretical model showing that product obsolescence leads incumbent firms to lobby for international intellectual property protection, which raises barriers […]

Abstract: Research has shown that restrictive trade policies, such as large subsidies, affect public opinion in affected states. This article examines the downstream effects of trade retaliation on public support for the democratic regime and its core representative institutions. It argues that exposure to retaliation can initially activate reciprocity preferences, increasing support for political institutions […]

Abstract: States routinely help firms manage risk by providing two core forms of support: information that reduces uncertainty about markets, partners, and political conditions, and financing that insures against commercial and political loss. We argue that firms treat these tools as a unified portfolio and reallocate between them when one becomes temporarily unavailable. We examine […]

How does depopulation risk shape individuals’ support for open immigration policies? Depopulation poses growing challenges in developed economies, including declining tax revenue, and skills shortages. While immigration is often proposed as a major solution, it remains unclear whether those most affected are receptive to it. On one hand, depopulation may boost support for immigration by […]

Abstract: Trade policy is the prototypical case of lobbying influence. Despite evidence to the contrary, most analyses of lobbying on trade assume a quid pro quo model of influence. We examine the implications of the legislative subsidy theory of lobbying for trade policy. We develop a model in which lobbying increases the weight legislators receive […]