Working Papers

We measure political polarization by the cost that agents are willing to incur to advance their ideas, and we relate it to economic growth.  


In a collective choice problem with multiple alternatives, a mechanism with quadratic transfers implements the utilitarian optimum. An earlier version with complete information here

  

Voters who face costs of processing information optimally ignore small signals, and as a result, they end up polarized into extreme positions.


Policy-makers choose policies that induce a lognormal distribution of income that is optimal for an agent richer than the median voter.


We introduce a family of equilibrium refinements that are stronger than Selten's trembling hand perfection but weaker than Myerson's proper equilibrium.