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La posizione attuale dei sindacati professionali in Italia: Relazione
In: (Problemi attuali di scienza e di cultura 161)
Loss Aversion in Politics
In: American journal of political science, Band 63, Heft 4, S. 936-947
ISSN: 1540-5907
AbstractWe study loss aversion in elections by investigating a median voter model (full convergence in a two‐candidate election) and a model of partial divergence of policy proposals. First, we show a status quo bias, an endowment effect, and a moderating effect of policies. Second, we show the occurrence of "long‐term cycles" in policies with self‐supporting movements to the right or the left. Finally, we prove that younger societies should be more prone to change and less affected by the status quo bias than older ones.
Populism, Financial Inequality and Central Bank Independence: A Political Economics Approach
In: BAFFI CAREFIN Centre Research Paper No. 2018-74
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Working paper
Emotions and Political Unrest
In: Journal of political economy, Band 125, Heft 3, S. 903-946
ISSN: 1537-534X
Emotions and Political Unrest
This paper formulates a general theory of how political unrest influences public policy. Political unrest is motivated by emotions. Individuals engage in protests if they are aggrieved and feel that they have been treated unfairly. This reaction is predictable because individuals have a consistent view of what is fair. This framework yields novel insights about the sources of political influence of different groups in society. Even if the government is benevolent and all groups have access to the same technology for political participation, equilibrium policy can be distorted. Individuals form their view of what is fair taking into account the current state of the world. If fewer aggregate resources are available, individuals accept a lower level of welfare. This resignation effect in turn induces a benevolent government to procrastinate unpleasant policy choices.
BASE
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Working paper
Bank Bailouts and Redistributive Monetary Policy: Voting on Central Bank Independence
In: Baffi Center Research Paper No. 2013-146
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Taxation or Regulation in Preventing Systemic Risk? The Political Distortion
In: Bancaria 04-2013
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Financial Systemic Risk: Taxation or Regulation?
In: Paolo Baffi Centre Research Paper No. 2011-91
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Working paper
Who has the power in the EU?
In: Mathematical social sciences, Band 57, Heft 3, S. 339-366