Publications

Publications List

330 Publications
Journal Article
The goal of this paper is to illustrate the significance of information acquisition in mechanism design. We provide a stark example of a mechanism design problem in a collective choice environment with information acquisition. We concentrate on committees that are comprised of agents sharing a common goal and having a joint task. Members of the…
Journal Article
A set of players have preferences over a set of outcomes. We consider the problem of an "information designer" who can choose an information structure for the players to serve his ends, but has no ability to change the mechanism (or force the players to make particular action choices). We describe a unifying perspective for information design. We…
Journal Article
We provide a preference framework for situations in which "intentions matter." A behavioral type describes the individual's observable characteristics and the individual's personality. We define a canonical behavioral type space and provide a condition that identifies collections of behavioral types that are equivalent to components of the…
Journal Article
Following older debates in international relations literature concerning the relative importance of domestic versus systemic factors, newer debates emphasize interdependence among states and the complex interactions between systemic and domestic factors. As globalization and democratization advance, theories and empirical models of international…
Unpublished
We estimate 11 well-studied behavioral phenomena in a group of 190 laboratory subjects (short-term discount rates, small stakes risk aversion, present bias, loss aversion, the endowment effect, aversion to ambiguity and compound lotteries, the common ratio and common consequence effects and sender/receiver behavior in trust games). We study the…
Journal Article
NO SE SI ES RELEVANTE Argentina's constitution and electoral rules promote a fragmented polity. It is in those environments that independent judiciaries develop. Instead, most analysts do not consider the Argentina judiciary as independent. In this article we attempt to explain this contradiction by showing that this perception is inappropriate…
Journal Article
This paper links the theory of interest groups influence over the$\backslash$nlegislature with that of congressional control over the judiciary. The$\backslash$nresulting framework reconciles the theoretical literature of lobbying$\backslash$nwith the negative available evidence on the impact of lobbying over$\backslash$nlegislative outcomes, and…
Journal Article
Most U.S. state supreme court justices face elections or reappointment by elected officials, and research suggests that judicial campaigns have come to resemble those for other offices. We develop predictions on how selection systems should affect judicial decisions and test these predictions on an extensive dataset of death penalty decisions by…
Journal Article
A law prohibiting a particular behavior does not directly change the payoff to an individual should he engage in the prohibited behavior. Rather, any change in the individual's payoff, should he engage in the prohibited behavior, is a consequence of changes in other peoples' behavior. If laws do not directly change payoffs, they are "cheap talk,"…
Journal Article
We estimate the effect of new private-sector unionization on publicly traded firms' equity value in the United States over the 1961-1999 period using a newly assembled sample of National Labor Relations Board (NLRB) representation elections matched to stock market data. Event-study estimates show an average union effect on the equity value of the…
Journal Article
We study the distributional consequences of trade in a world with two industries and two heterogeneous factors of production. Productivity in each production unit reflects the ability of the manager and the abilities of the workers, with complementarity between the two. We begin by examining the forces that govern the sorting of worker and manager…
Unpublished
Supreme Court doctrine grants special protection against laws that “chill” protected speech, most prominently via the overbreadth doctrine. The overbreadth doctrine permits persons whose own speech is unprotected to challenge laws that infringe the protected speech of third parties. The Court has not generally applied overbreadth and the other…
Journal Article
In this paper, we consider the possibility of identifying peaceful mechanisms such as bargaining protocols, international institutions, or norms that can enable countries to settle disputes in the absence of binding contracts. In particular, we are interested in the existence of mechanisms with zero probability of war. Here, we focus on situations…
Journal Article
In arising rational-expectations the economic from simple models extrapolation revolution of old, in agents or macroeconomics, error-correction had backward-looking and rules. in microeconomics Then expectations, came the arising from simple extrapolation or error-correction rules. Then came the rational-expectations revolution in macroeconomics,…
Journal Article
Bayes' rule has two well-known limitations: 1) it does not model the reaction to zero-probability events; 2) a sizable empirical evidence documents systematic violations of it. We characterize axiomatically an alternative updating rule, the Hypothesis Testing model. According to it, the agent follows Bayes' rule if she receives information to…
Journal Article
Models of veto bargaining have become an important tool for formal institutional analysis. This chapter reviews the core model of veto bargaining and some of its more interesting and useful extensions, focusing on one of the best developed applications, the presidential veto over legislation. One of the primary attractions of these models is that…
Miscellaneous
After decades of convergence, the gender gap in employment outcomes has recently plateaued in many rich countries, despite the fact that women have increased their investment in human capital over this period. We propose a hypothesis to reconcile these two trends: that when they are making key human capital decisions, women in modern cohorts…
Journal Article
We argue that a model of judicial behavior that accounts for differences in justices' ability and ideology provides a fruitful alternative for the empirical analysis of judicial decision-making around the world, and illustrate this by focusing on the case of the United Kingdom. We show that the model explains the decisions of the Lords of Appeal…
Journal Article
The classical Ellsberg experiment presents individuals with a choice problem in which the probability of winning a prize is unknown (uncertain). In this paper, we study how individuals make choices between gambles in which the uncertainty is in different dimensions: the winning probability, the amount of the prize, the payment date, and the…
Journal Article
Working with the definition of mutual optimism as war due to inconsistent beliefs, we formalize the mutual optimism argument to test the theory's logical validity. We find that in the class of strategic situations where mutual optimism is a necessary condition for war--i.e., where war is known to be inefficient, war only occurs if both sides…
Unpublished
By downplaying externalities, magnifying the cost of moral behavior, or suggesting not being pivotal, exculpatory narratives can allow individuals to maintain a positive image when in fact acting in a morally questionable way. Conversely, responsibilizing narratives can help sustain better social norms. We investigate when narratives emerge from a…
Book
Seminal contributions to political economy argue that citizens will more readily engage in political action when they are being taxed, especially compared to when their governments receive nontax revenue from oil. In part this tendency is said to enable the well-known resource curse. We perform two substantively identical experiments with…
Unpublished
Theories of multilateral bargaining and coalition formation applied to legislatures predict that parties' seat shares determine their bargaining power. We present findings that are difficult to reconcile with this prediction. We use data from 2,898 municipal Spanish elections in which two parties tie in the number of seats. The party with slightly…
Journal Article
We link the intensity of campaign competition in different electoral systems with the number of candidates running for public office and their ideological differentiation. We show that proportional elections have more candidates, competing less aggressively in campaign spending, than those in majoritarian elections. Candidates' ideological…
Journal Article
Optimal communication to a group often entails a trade-off between precision of information conveyed and common understanding (or approximate common knowledge) of the information within the group. We argue that an understanding of this trade-off is central in many contexts, including central bank communication and the design of accounting…