Business, Institutions and Policy research cluster

'Political economy' theme

The political economy research group is interested in understanding how social and economic institutions are created, how they evolve, and how those processes shape economic behaviour and social welfare. Examples include the emergence of property rights, the interface between state bureaucracy, trade and the decentralisation of political power, as well as the interaction between financial rewards and punishments with social norms. Methodologically, this group employs a variety of research methodologies, including formal theoretical models, empirical methods using archival data, as well as experimental methods. 

  • Property rights
  • Reputation
  • Social norms

Selected publications

  • Chen, C. (Forthcoming), "Ethics and Advances in Economic Science: The Role of Two Norms", with Angelina Christie and Daniel Houser, in George DeMartino and Deirdre McCloskey (Eds.), Handbook on Professional Economic Ethics: Views from the Economics Profession and Beyond, Oxford University Press.
  • Chircop, J. and Kiosse, P.V. (2015). Why did preparers lobby to the IASB’s pension accounting proposals?, Accounting Forum, 39 (4), pp. 268-280, 2015.
  • Chakravarty, S., Fonseca, M.A. and Kaplan T.R. 2014. “An Experiment on the Causes of Bank Run Contagions.” European Economic Review 72, 39-51.
  • Dimitrova, L. (2015) “Strategic Acquisitions by Corporate Venture Capital Investors” presented at World Finance & Banking Symposium (Hanoi).
  • Fonseca, M.A. and Normann, H.T. 2014. “Endogenous Cartel Formation: Experimental Evidence.” Economics Letters 125(2), 223-225.
  • Simon James (2015), ‘The Contribution of the UK’s Behavioural Insights Team’, International Journal of Applied Behavioral Economics, 4(2), 53-70.
  • Simon James, ‘Behavioral Insights Team’ in Morris Altman (ed.) Real World Decision Making: An Encyclopedia of Behavioral Economics, Santa Barbara, California, Greenwood, 2015, pp. 33-35.
  • Simon James, ‘Behavioral Economics in Action: The Contribution of the UK Government’s Behavioural Insights Team’, 6th International Conference in Economics and Administration, ICEA-FAA, University of Bucharest, 20-21 June 2014.
  • Simon James, ‘The Contribution of Behavioral Economics to Economic Studies’, Plenary Session, 6th International Conference in Economics and Administration, ICEA-FAA, University of Bucharest, 20-21 June 2014.
  • Pricilla Marimo, Todd Kaplan, Ken Mylne and Martin Sharpe (2015), "Communication of uncertainty in weather forecasts", Weather and Forecasting, 30(1): 5-22.
  • Kurz, T., Thomas, W. and Fonseca, M.A. 2014. “A Fine is a More Effective Financial Deterrent when Framed Retributively and Extracted Publicly.” Journal of Experimental Social Psychology 54, 170-177.
  • Clinton Alley, Duncan Bentley and Simon James (2014), ‘Politics and tax reform: A comparative analysis of the implementation of a broad-based consumption tax in New Zealand, Australia and the United Kingdom’, Revenue Law Journal, 24(1), 1-25.
  • Simon James (2014), ‘The importance of fairness in tax policy: Behavioral economics and the UK experience’, International Journal of Applied Behavioral Economics, 3(1), 1-12.
  • Onu, D. & Oats, L (forthcoming) “Tax Talk: An Exploration of Online Discussions among Taxpayers”, Journal of Business Ethics
  • Onu, D. & Oats, L. (2016) “Paying tax is part of life: Social norms and social influence in tax compliance”, Journal of Economic Behaviour and Organisation.
  • Onu, D & Oats L. (2015) Social Norms and Tax Compliance, Journal of Tax Administration, 1(1),
  • Reinstein, D. (2014) “The Economics of the Gift” in: Carla, F and Gori, M (2014), Gift giving and the "embedded" economy in the ancient world, Universitätsverlag Winter Heidelberg, Germany.