Amy Pond
Datos Biográficos
| ID | 4372146 |
|---|---|
| NOMBRE | Amy Pond |
| NOMBRES | Amy |
| APELLIDO | Pond |
| FIRMA | POND A |
| AFILIACIONES | Texas A&M University |
| ORCID | 0000-0002-6908-2791 |
| VERIFICADO | Sí |
| TOTAL DE OBRAS | 13 |
| TOTAL DE CITAS | 101 |
| TOTAL COMO AUTOR | 13 |
| TOTAL COMO EDITOR | 0 |
| PRIMER AÑO DE PUBLICACIÓN | 2017 |
| AÑO MÁS RECIENTE DE PUBLICACIÓN | 2026 |
| ÍNDICE H | 7 |
Asset Mobility and Property Rights
How does asset mobility affect the provision of property rights? Existing research anticipates that firm owners with mobile assets are effective at pressuring the government for property rights. In this research note, I examine not just the influence of firm owners but also their preferences. I develop a formal model to show that owners of mobile assets, who may move their assets out of the government’s reach, have less to gain from property righ…
Partisan preferences for antitrust policy
Industrial concentration has increased in recent years with large companies consolidating their dominant positions. Concentrated markets are thought to benefit large firms as they earn elevated profits and gain political influence. Antitrust law is the main policy tool to reduce concentration. Calls to strengthen antitrust have come from the political left and the right, yet we know little about public support for such policies. We test how econo…
Democratic institutions and regulatory privileges for government debt
Politically Connected Owners
Political connections provide substantial benefits to firms. We emphasize the ownership of firms as an important channel through which political connections operate and identify a resulting link between political turnover and turnover in the ownership of firms: Political turnover prompts newly politically connected individuals to take, and newly disconnected individuals to cede, ownership of firms. This pattern should be more pronounced in countr…
Costly signaling in autocracy
Those who would revolt against an autocrat often face a dilemma caused by uncertainty: they would like to revolt if the ruler would respond with democratization, but they would prefer to concede if the ruler would choose instead to violently suppress the revolution. Consequently, the autocrat must decide how to best signal his willingness to use violence in hope of deterring revolt. Using a simple signaling model, we find that rulers cannot meani…
Biased politicians and independent agencies
Some agencies derive legitimacy from their political independence: for example, political meddling in monetary policy is problematic, as politicians favor short-term electoral goals over long-term economic stability. Nevertheless, the process of agency reform, even for agencies that are thought to be independent, is seldom onerous and often follows standard legislative procedures. Furthermore, citizens frequently lack expertise to hold policymake…
Political Risk Insurance
When do governments impose costs on foreign firms? Many studies of foreign direct investment focus on incentives for government expropriation, but scholars are often forced to rely on indirect measures of expropriation to conduct empirical analyses. This article introduces a data set which includes information on over 5,000 political risk insurance contracts issued by the US Overseas Private Investment Corporation since 1961, and on all the claim…
The Political Importance of Financial Performance
Asset mobility is thought to constrain taxation, as firms with mobile assets can avoid taxation by locating their assets in low‐tax jurisdictions. Firms with immobile assets then face higher taxes. By considering the political incentives that accompany widespread financialization, we identify a new limit to the targeting of immobile firms: Publicly traded firms with immobile underlying assets lose more value in financial markets when taxes are in…
Foreign Financing and the International Sources of Property Rights
How do firms protect themselves against infringements of their property rights by their own government? The authors develop a theory based on international law and joint asset ownership with foreign firms. Investment agreements protect the assets of foreign firms but are not available to domestic firms. This segmentation of the property rights environment creates a rationale for international financial relationships between firms. By forming fina…
The Absence of Consumer Interests in Trade Policy
Why are some countries more open to trade than others? Prominent explanations emphasize differences in the influence of voters as consumers. Consumers benefit from lower prices. Because governments in democracies are more responsive to voters, they should implement lower tariffs. We develop and evaluate an implication of this line of argument. If lower tariffs are a response to consumer interests, lower tariffs should be concentrated on products …
Financial Liberalization
Why do autocratic rulers liberalize financial markets? This article shows how autocrats use financial liberalization for two distinct purposes. First, autocrats may use liberalization to bolster the economy, making revolution less attractive to the political opposition and stabilizing the autocracy. Second, when stabilization of the autocracy is too costly, autocrats may use liberalization to make assets more mobile. Mobility provides elite asset…
Worker Influence on Capital Account Policy
How do workers impact openness to international investment flows? This article distinguishes between two types of openness: openness to inflows and openness to outflows of investment. Workers benefit from inflow openness due to increases in wages, productivity, and efficiency and due to reductions in borrowing costs, which are associated with investment inflows. Workers are hurt by outflow openness, as investors gain investment options, and there…
Economic Sanctions and Demand for Protection
How do the distributional consequences of economic sanctions impact future trade policy? Regardless of whether sanctions are effective in achieving concessions, sanctions restrict international trade flows, creating rents for import-competing producers, who are protected from international competition. These rents can then be used to pressure the government to implement protectionist policies. Thus, while the lifting of sanctions directly facilit…
Economic Sanctions and Demand for Protection
How do the distributional consequences of economic sanctions impact future trade policy? Regardless of whether sanctions are effective in achieving concessions, sanctions restrict international trade flows, creating rents for import-competing producers, who are protected from international competition. These rents can then be used to pressure the government to implement protectionist policies. Thus, while the lifting of sanctions directly facilit…
The Absence of Consumer Interests in Trade Policy
Why are some countries more open to trade than others? Prominent explanations emphasize differences in the influence of voters as consumers. Consumers benefit from lower prices. Because governments in democracies are more responsive to voters, they should implement lower tariffs. We develop and evaluate an implication of this line of argument. If lower tariffs are a response to consumer interests, lower tariffs should be concentrated on products …
Financial Liberalization
Why do autocratic rulers liberalize financial markets? This article shows how autocrats use financial liberalization for two distinct purposes. First, autocrats may use liberalization to bolster the economy, making revolution less attractive to the political opposition and stabilizing the autocracy. Second, when stabilization of the autocracy is too costly, autocrats may use liberalization to make assets more mobile. Mobility provides elite asset…
Political Risk Insurance
When do governments impose costs on foreign firms? Many studies of foreign direct investment focus on incentives for government expropriation, but scholars are often forced to rely on indirect measures of expropriation to conduct empirical analyses. This article introduces a data set which includes information on over 5,000 political risk insurance contracts issued by the US Overseas Private Investment Corporation since 1961, and on all the claim…
Foreign Financing and the International Sources of Property Rights
How do firms protect themselves against infringements of their property rights by their own government? The authors develop a theory based on international law and joint asset ownership with foreign firms. Investment agreements protect the assets of foreign firms but are not available to domestic firms. This segmentation of the property rights environment creates a rationale for international financial relationships between firms. By forming fina…
Politically Connected Owners
Political connections provide substantial benefits to firms. We emphasize the ownership of firms as an important channel through which political connections operate and identify a resulting link between political turnover and turnover in the ownership of firms: Political turnover prompts newly politically connected individuals to take, and newly disconnected individuals to cede, ownership of firms. This pattern should be more pronounced in countr…
The Political Importance of Financial Performance
Asset mobility is thought to constrain taxation, as firms with mobile assets can avoid taxation by locating their assets in low‐tax jurisdictions. Firms with immobile assets then face higher taxes. By considering the political incentives that accompany widespread financialization, we identify a new limit to the targeting of immobile firms: Publicly traded firms with immobile underlying assets lose more value in financial markets when taxes are in…
Worker Influence on Capital Account Policy
How do workers impact openness to international investment flows? This article distinguishes between two types of openness: openness to inflows and openness to outflows of investment. Workers benefit from inflow openness due to increases in wages, productivity, and efficiency and due to reductions in borrowing costs, which are associated with investment inflows. Workers are hurt by outflow openness, as investors gain investment options, and there…
Costly signaling in autocracy
Those who would revolt against an autocrat often face a dilemma caused by uncertainty: they would like to revolt if the ruler would respond with democratization, but they would prefer to concede if the ruler would choose instead to violently suppress the revolution. Consequently, the autocrat must decide how to best signal his willingness to use violence in hope of deterring revolt. Using a simple signaling model, we find that rulers cannot meani…
Biased politicians and independent agencies
Some agencies derive legitimacy from their political independence: for example, political meddling in monetary policy is problematic, as politicians favor short-term electoral goals over long-term economic stability. Nevertheless, the process of agency reform, even for agencies that are thought to be independent, is seldom onerous and often follows standard legislative procedures. Furthermore, citizens frequently lack expertise to hold policymake…
Worker Influence on Capital Account Policy
How do workers impact openness to international investment flows? This article distinguishes between two types of openness: openness to inflows and openness to outflows of investment. Workers benefit from inflow openness due to increases in wages, productivity, and efficiency and due to reductions in borrowing costs, which are associated with investment inflows. Workers are hurt by outflow openness, as investors gain investment options, and there…
Economic Sanctions and Demand for Protection
How do the distributional consequences of economic sanctions impact future trade policy? Regardless of whether sanctions are effective in achieving concessions, sanctions restrict international trade flows, creating rents for import-competing producers, who are protected from international competition. These rents can then be used to pressure the government to implement protectionist policies. Thus, while the lifting of sanctions directly facilit…
Financial Liberalization
Why do autocratic rulers liberalize financial markets? This article shows how autocrats use financial liberalization for two distinct purposes. First, autocrats may use liberalization to bolster the economy, making revolution less attractive to the political opposition and stabilizing the autocracy. Second, when stabilization of the autocracy is too costly, autocrats may use liberalization to make assets more mobile. Mobility provides elite asset…
Foreign Financing and the International Sources of Property Rights
How do firms protect themselves against infringements of their property rights by their own government? The authors develop a theory based on international law and joint asset ownership with foreign firms. Investment agreements protect the assets of foreign firms but are not available to domestic firms. This segmentation of the property rights environment creates a rationale for international financial relationships between firms. By forming fina…
The Absence of Consumer Interests in Trade Policy
Why are some countries more open to trade than others? Prominent explanations emphasize differences in the influence of voters as consumers. Consumers benefit from lower prices. Because governments in democracies are more responsive to voters, they should implement lower tariffs. We develop and evaluate an implication of this line of argument. If lower tariffs are a response to consumer interests, lower tariffs should be concentrated on products …
Political Risk Insurance
When do governments impose costs on foreign firms? Many studies of foreign direct investment focus on incentives for government expropriation, but scholars are often forced to rely on indirect measures of expropriation to conduct empirical analyses. This article introduces a data set which includes information on over 5,000 political risk insurance contracts issued by the US Overseas Private Investment Corporation since 1961, and on all the claim…
The Political Importance of Financial Performance
Asset mobility is thought to constrain taxation, as firms with mobile assets can avoid taxation by locating their assets in low‐tax jurisdictions. Firms with immobile assets then face higher taxes. By considering the political incentives that accompany widespread financialization, we identify a new limit to the targeting of immobile firms: Publicly traded firms with immobile underlying assets lose more value in financial markets when taxes are in…
Costly signaling in autocracy
Those who would revolt against an autocrat often face a dilemma caused by uncertainty: they would like to revolt if the ruler would respond with democratization, but they would prefer to concede if the ruler would choose instead to violently suppress the revolution. Consequently, the autocrat must decide how to best signal his willingness to use violence in hope of deterring revolt. Using a simple signaling model, we find that rulers cannot meani…
Biased politicians and independent agencies
Some agencies derive legitimacy from their political independence: for example, political meddling in monetary policy is problematic, as politicians favor short-term electoral goals over long-term economic stability. Nevertheless, the process of agency reform, even for agencies that are thought to be independent, is seldom onerous and often follows standard legislative procedures. Furthermore, citizens frequently lack expertise to hold policymake…
Democratic institutions and regulatory privileges for government debt
Politically Connected Owners
Political connections provide substantial benefits to firms. We emphasize the ownership of firms as an important channel through which political connections operate and identify a resulting link between political turnover and turnover in the ownership of firms: Political turnover prompts newly politically connected individuals to take, and newly disconnected individuals to cede, ownership of firms. This pattern should be more pronounced in countr…
Partisan preferences for antitrust policy
Industrial concentration has increased in recent years with large companies consolidating their dominant positions. Concentrated markets are thought to benefit large firms as they earn elevated profits and gain political influence. Antitrust law is the main policy tool to reduce concentration. Calls to strengthen antitrust have come from the political left and the right, yet we know little about public support for such policies. We test how econo…
Asset Mobility and Property Rights
How does asset mobility affect the provision of property rights? Existing research anticipates that firm owners with mobile assets are effective at pressuring the government for property rights. In this research note, I examine not just the influence of firm owners but also their preferences. I develop a formal model to show that owners of mobile assets, who may move their assets out of the government’s reach, have less to gain from property righ…
Economics (12 obras) · Political science (9 obras) · Politics (8 obras) · Business (7 obras) · Law (7 obras) · Law (7 obras) · Market economy (7 obras) · Finance (5 obras) · Political Influence and Corporate Strategies (5 obras) · Democracy (4 obras)