Ratchet Effect

Dynamic Electoral Competition with Voter Loss Aversion and Imperfect Recall

Journal of Public Economics 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.

April 2024 · Ben Lockwood, Minh Le, James Rockey
Treelet Dendrogram

Dirty Looks: Politicians’ facial appearance and unethical behaviour

The Leadership Quarterly In the 2009 expenses scandal, an analysis on 636 MPs’ facial appearance found that those perceived as more attractive or with criminal traits overclaimed less. However, MPs appearing competent overclaimed more. The findings link to theories of moral licensing and consistency.

October 2022 · James Rockey,  Harriet Smith, Heather Flowe
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
Platform Rigidity

Negative Voters: Electoral Competition With Loss Aversion

Economic Journal Examining voter loss aversion’s effect on electoral dynamics, this paper finds that platform loss-aversion leads to rigidity, while valence loss-aversion increases polarization. Using US House elections data, we observe incumbents adjust less than challengers to voter shifts

November 2020 · Ben Lockwood, 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
Matching structure and solution of the model of aggregate demand and idle time

Reconsidering the Fiscal Effects of Constitutions

European Journal of Political Economy This paper reevaluates Persson and Tabellini’s analysis of the impact of constitution type on government size, improving methodological refinements. The age of a democracy is crucial, leading to the introduction of two new democracy age measures.

September 2012 · James Rockey
Endogenous Parties

A Quantitative Model of Democracy

We construct a citizen-candidate model with multiple districts and endogenous parties. The model is able to provide quantitatively and qualitatively realistic results.

Daniel Ladley, James Rockey
Party Vote Shares

In the Grip of Whitehall? The Effects of Party Control on Local Fiscal Policy in the UK

The study evaluates the influence of political parties on local fiscal policy in England and Wales from 1998-2015. It found that no party affected any aspect of fiscal policy, likely due to central government constraints.

Ben Lockwood, Francesco Porcelli, James Rockey
Percentage of Population with a Felony Conviction

Political Economy of Felon Disenfranchisement

Over 6.1M US citizens, especially black Americans, lose voting rights due to felonies. Using a new database, we reveal how this impacts political outcomes. Stricter laws lower voting likelihood, even among eligible individuals. Easing these laws promotes policy liberalism and black representation.

Arpita Ghosh, James Rockey
Networks of Candidates and Donors

Power and the money, money and the power: A network analysis of donations from American corporate to political leaders

Using a new dataset, this paper maps US political donations as a social network, highlighting an increase in donation polarization and concentration. While traditional donation patterns persist, there’s a clear shift towards a smaller set of influential donors and politicians gaining prominence.

James Rockey, Nadia Zakir