Political Economy
Our work in this area
We hosted the Political Economy: Theory meets Empirics workshop in 2016, organised by Maik Schneider
The Department also held the 2nd Annual Workshop of the Political Economy UK Group in 2018, organised by Maik Schneider and Javier Rivas
The work of Ajit Mishra and Kei Tsutsui on corruption in economic systems with poor governance was funded by the British Academy's research grant, A Bribery Experiment with Unstructured Bargaining
Publications
Our research findings have been accepted for publication in leading economics journals such as: American Economic Review, International Economic Review, Economic Journal and Games and Economic Behaviour.
Selected recent publications:
- Honesty and Self-Selection into Cheap Talk
- Coalition-Preclusion Contracts and Moderate Policies
- Manufacturing Extremism: political consequences of profit-seeking media
- Expert Captured Democracy
- Majoritarian preference, utilitarian welfare and public information in Cournot oligopoly
- Information Control in Reputational Cheap Talk
- Evolution of Public Moods and Stability of Party Systems
- Voter heterogeneity and political corruption
- Common value elections with private information and informative priors: theory and experiments
- Preemptive bribery and incomplete information: Does prior knowledge matter?
Contests and Conflicts
Our work in this area
In 2018, many leading economists in the study of conflict took part in The Micro and Macro Foundations of Conflict workshop that we hosted. It was funded by the British Academy Rising Star Engagement Award (BARSEA), rewarded to the workshop’s organiser Subhasish M. Chowdhury.
Publications
Selected recent publications:
- That’s the ticket: Explicit lottery randomisation and learning in Tullock contests
- The effects of conflict budget on the intensity of conflict: an experimental investigation
- Property Rights and Loss Aversion in Contests
- Best-shot versus weakest-link in political lobbying: an application of group all-pay auction
- Optimal Favoritism in All-Pay Auctions and Lottery Contests
- Comprehensive rationalizability
- The Context of the Game
- Gender differences and stereotypes in strategic reasoning
- An axiomatization of difference-form contest success functions
Public Finance
Our work in this area
The Governance of Institutions and Systems workshop focused on centralised vs decentralised forms of social organisation and public good provision was held in 2019 and organised by Peter Postl and Robertas Zubrickas.
The work of Robertas Zubrickas on crowdfunding for public goods, funded by research grant, Improved Crowdfunding to Support Public Goods by Schmidt Sciences (USA, joint with A. Tabarrok and T. Cason)
Publications
Selected recent publications:
- Lotteries and Lindahl Prices in Public Good Provision
- Profit shifting and investment effects: The implications of zero-taxable profits
- Tax revenue losses through cross-border loss offset: An insurmountable hurdle for formula apportionment?
- Taxing multinationals in the presence of internal capital markets
- Donation-Based Crowdfunding with Refund Bonuses
- Enhancing fundraising with refund bonuses
Institutions, Incentives and Welfare
Our work in this area
Ajit Mishra co-edited the books:
- Markets, Governance and Institutions in the Process of Economic Development (Oxford University Press)
- The Political Economy of Corruption (Routledge)
- Law and Economic Development: Behavioral and Moral Foundations of a Changing World (Macmillan)
The work of Kerry Papps on the economic and social role of the national minimum wage was funded by the UK government's Low Pay Commission.
Publications
Selected recent publications: