Research interests: Political Economy, Organizational Economics, Applied Microeconomic Theory
JOB MARKET PAPER
Abstract: In this paper I study the effect of disclosing the
private interests of decision makers on the quality of the decisions that are
eventually taken. I focus on a delegation relationship where decision makers
motivated by career concerns try to build up their own reputation. When private
interests of decision makers are not disclosed, taking the correct decision is
the only way to increase reputation and the higher the career concerns the more
likely it is that correct decisions are taken. When private interests are
disclosed, decisions not aligned with these private interests may also increase
reputation. I find that, contrary to the common wisdom, disclosure of private
interests can induce worse decisions. This happens when the salience of career
concerns relative to the one of the private interests is high enough and
decision makers are poorly informed.
WORK IN PROGRESS
When experts agree: why voters ignore experts' consensus? (pdf available upon request)
Abstract: In this paper I analyze how voters optimally aggregate
and use information provided by biased experts. I find that when citizens do
not observe the individual bias of each expert and their biases are
sufficiently correlated, the relationship between the share of experts
endorsing an alternative and the share of citizens voting for it is
non-monotonic. An alternative endorsed by a large minority of experts has
always more electoral support than an alternative endorsed by a smaller
minority. However, an alternative endorsed by a large majority of experts can
have less electoral support than an alternative endorsed by a smaller majority
of them.
What the fact? A survey experiment on post-truth politics (joint with Berta Barbet (UAB) and Guillem Vidal (EUI)) (you can find the preliminary results here )
Abstract: One of the major concerns about the democratic system is how citizens get and assess the quality of the arguments they receive form experts and other political figures in order to decide their vote. These concerns have been aggravated during the Brexit Referendum and the US 2016 Presidential Elections. We conduct a survey experiment to test whether adding empirical, emotional and normative cues to support an argument increases its persuasiveness.
Jobs lost, votes lost? Labour demand shocks and electoral accountability (joint with Elena Costas (UAB & GSE) and María Sánchez-Vidal (CEP/SERC LSE & IEB))
Abstract: The aim of this paper is to analyze the effects of plant closures on electoral outcomes. We provide a political economy argument for (inefficient) subsidies targeted to individual firms. In particular, given that plant openings and closings are linked to the political business cycle (Bertrand et al., 2006), politically connected companies may tend to destroy fewer jobs in election years. In order to assess this mechanism, we make use of the Spanish institutional context, where plant closures and collective layoffs should be approved by local governments. Even partial closures may have short-term effects into the local economy, so political parties may have electoral incentives to avoid them. Specifically, we build up a model of the political economy of taxation and we run differences-in-differences specifications in which locations that experience a plant closure before the elections are matched to locations where the closure happened after the elections.
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