This paper presents a general political economy model of standards. We use the model to derive political and social optima of nutrition and health standards in food markets, and to identify under which cases “understandardization” or “over-standardization” will result. The paper analyses the impact of trade and development on the political equilibrium as well as the role of the media and consum...

Whether it was bread-wielding Tunisians, marching Suez workers, or Yemeni protestors chanting against corruption, the 2011 Arab uprisings put political economy issues front and center. Indeed, a critical thread throughout the region’s uprisings has been the simple question: “where has the money gone?” And though the field of political economy is multifaceted, the basic refrain “follow the money...

Whether it was bread-wielding Tunisians, marching Suez workers, or Yemeni protestors chanting against corruption, the 2011 Arab uprisings put political economy issues front and center. Indeed, a critical thread throughout the region’s uprisings has been the simple question: “where has the money gone?” And though the field of political economy is multifaceted, the basic refrain “follow the money...

Political economy and economic sociology have developed in relative isolation from each other. While political economy focuses largely on macrophenomena, economic sociology focuses on the level of social interaction in the economy. The paper argues that economic sociology can provide a microfoundation of political economy beyond rational actor theory and behavioral economics. Based on a discuss...

This paper surveys four game-theoretic models of politics, to offer an introduction to the analysis of political institutions. The first two models focus on electoral competition, to show how successful candidates' equilibrium strategies may differ under different electoral systems. The other two models probe the consequences of legislative bargaining under different constitutional structures. ...

When firms reach out to allies in the political field, partisanship can constrain the choice of business partners in the economy. To study the evolution of politicized business camps, we conduct an historical network analysis of the relationship between firm-to-party ties and firm-to-firm ties in the Hungarian economy. We construct a dataset of all senior managers and boards of directors of the...