Ratchet Effect

Dynamic Electoral Competition with Voter Loss Aversion and Imperfect Recall

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.

June 2022 · Ben Lockwood, Minh Le, James Rockey
UK Party Vote Shares 1920--2020

Expressive voting with booing and cheering: Evidence from Britain

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.

March 2021 · Javier Rivas, James Rockey
Impulse responses to an expansionary monetary shock in the standard New Keynesian model and New Keynesian model with fairness concerns

When Two Tribes Go To Work: Board Political Diversity and Firm Performance

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.

June 2020 · James Rockey, Nadia Zakir