Many countries have witnessed periods of political de-polarization as well as periods of polarization. This paper shows that this can be rationalised in a dynamic model of political competition with voter loss-aversion and imperfect recall.
European Journal of Political Economys Expressive Voting research typically emphasizes what voters support. This paper expands the scope to account for voter opposition or ‘booing.’ Analyzing UK election data, we observe a rising trend in this behavior, discussing its role in recent political polarization shifts.
European Journal of Political Economy Analysing the effects of ideological diversity in boardrooms, we find a positive correlation with firm performance. However, the causal effect is instead negative, even excluding top management. The implications are discussed in light of growing polarization.