Emotions and Political Unrest
研究政治动荡如何影响公共政策，认为抗议是对不公平待遇的情绪反应，个体对公平的看法内化了政府约束，导致政府延迟决策并积累债务以缓解动荡。
How does political unrest influence public policy? We assume that protests are an emotional reaction to unfair treatment. Individuals have a consistent view of fairness that internalizes government constraints. Individuals accept lower welfare if the government is more constrained. This resignation effect induces a benevolent government to delay unpleasant choices and accumulate public debt to mitigate social unrest. More radical and homogeneous groups are more prone to unrest and hence more influential. Even if the government is benevolent and all groups are identical in their propensity to riot, equilibrium policy can be distorted. The evidence is consistent with these implications.