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Ruben Durante wins AEJ 2017 award for Best Paper in Applied Economics

Ruben Durante wins AEJ 2017 award for Best Paper in Applied Economics

UPF Department of Economics and Business professor Ruben Durante has won a 2017 award from the American Economic Journal (AEJ) for the Best Paper in Applied Economics.

20.04.2017

UPF Department of Economics and Business professor Ruben Durante has won a 2017 award from the American Economic Journal (AEJ) for the Best Paper in Applied Economics. The AEJ is published by the American Economic Association (AEA).

Each year the AEA selects the best papers from the previous year in four categories: Applied Economics, Macroeconomics, Microeconomics, and Economic Policy. Prof. Durante's paper, titled "Market-Based Lobbying: Evidence From Advertising Spending in Italy", was published in the AEJ January 2016 edition, and was co-authored with Stefano DellaVigna (UC Berkley), Brian Knight (Brown University), and Eliana La Ferrara (Università Bocconi).

The winning paper analyses the trend of firms shifting spending toward politicians' businesses in hope of securing favorable regulations. The researchers examined the evolution of advertising spending in Italy during 1993-2009, a period in which Italian Prime Minister Silvio Berlusconi was in power three separate times while maintaining control of Italy's major private television network, Mediaset. The researchers document a significant pro-Mediaset bias in the allocation of advertising during Berlusconi's political tenure, especially for companies in more regulated sectors. Research results estimate that Mediaset profits increased by €1 billion during this period, and that regulated firms anticipated sizeable returns, stressing the economic importance of this lobbying channel.

Prof. Durante received his PhD from Brown University, and specialises in political economics, media economics, experimental economics, and economic growth and development.

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