The road to hell is paved with good intentions,
rational expectations and efficient markets
Valentino Larcinese
Department of Government
London School of Economics
Houghton Street
London WC2A 2AE
United Kingdom
Tel +44 (0) 20 7849 4602
Fax +44 (0) 20 7955 6352

The road to hell is paved with good intentions,
rational expectations and efficient markets
Position: senior lecturer in public policy and public choice
Education
● PhD in economics (LSE)
● Doctorate in economics (Milan)
● MSc in economics (York)
● Laurea in economic and social disciplines (Bocconi)
Working papers
- Enfranchisement and Representation: Italy 1909-1913
- Changing Needs, Sticky Budget: Evidence from the Geographic Distribution of US Federal Grants (with Leo Rizzo and Cecilia Testa)- Blissful ignorance? Evidence from a natural experiment on the effect of individual feedback on performance (with Oriana Bandiera & Imran Rasul)
- Why Do Small States Receive More Federal Money? US Senate Representation and the Allocation of Federal Budget (with Leo Rizzo and Cecilia Testa)
- Policy Restrictions, Democratic Deficit and Redistribution
Publications in refereed journals
- Testing Models of Distributive Politics Using Exit Polls to Measure Voter Preferences and Partisanship (with Jim Snyder and Cecilia Testa), British Journal of Political Science, forthcoming
- Partisan Bias in Economic News: Evidence on the Agenda Setting Behavior of US Newspapers (with Jim Snyder and Riccardo Puglisi), Journal of Public Economics, 95 (9-10), 1178-1189 [2011]
- Working or Shirking? Expenses and Attendance in the UK Parliament, (with Timothy Besley), Public Choice, 147, 291-317 [2011]
- Heterogeneous class size effects. New evidence from a panel of university students (with Oriana Bandiera & Imran Rasul), Economic Journal, 549, 1365-1398 [2010]
- Information Acquisition, Ideology and Turnout: Theory and Evidence from Britain, Journal of Theoretical Politics, 21(2), 237-276. [2009]
- A Discrepancy Index for the Study of Participation with an Application to the Case of Higher Education in Italy, Social Indicators Research, 88(3), 483-496. [2008]
- The Instrumental Voter Goes to the News-Agent: Information Acquisition, Marginality and the Media, Journal of Theoretical Politics, 19(3), 249-276 [2007]
- Does Political Knowledge Increase Turnout? Evidence from the 1997 British General Election, Public Choice, 131, 387-411. [2007]
- Voting over Redistribution and the Size of the Welfare State: the Role of Turnout , Political Studies, 55, 568-585. [2007]
- Allocating the US Federal Budget to the States: the Impact of the President (with Leo Rizzo & Cecilia Testa), Journal of Politics, 68 (2), 447-456. [2006] Click here for statistical appendix
- Electoral Competition and Redistribution with Rationally Informed Voters, Contributions to Economic Analysis & Policy: Vol. 4: No. 1, Article 4. [2005]
- Personal and Household Income Taxation in a Progressive Tax System: Evidence from Italy, Economics Bulletin, Vol. 8, No. 1, pp. 1-9. [2005]
Other academic publications
- The Political Economy of Public Spending: Evidence from the US States (with James Snyder and Cecilia Testa), in Fabio Padovano & Alessandro Petretto (eds.) Public Choice and Political Economy, pp. 143-163, Franco Angeli [2010]
- Review of "Communication Revolutions: Critical Junctures and the Future of Media" by R.W. McChesney, Journal of Economics, 95(3), 271-276. [2008]
- The Channeled Italian Voters, in Fabio Padovano & Roberto Ricciuti (eds.) Institutional Reforms in Italy: a Public Choice Perspective, pp 221-247, Springer. [2008]
click here for other writings (mostly in Italian)
link to my webpage at the Department of Government
video: how elections are financed in Italy (in Italian)
video: euro crisis and Italian credibility
other interesting videos:
"Noi non possiamo essere imparziali. Possiamo essere soltanto intellettualmente onesti:
cioe' renderci conto delle nostre passioni, tenerci in guardia contro di esse e mettere in guardia i nostri
lettori contro i pericoli della nostra parzialita'. L'imparzialita' e' un
sogno, la probita' e' un dovere''
[Gaetano Salvemini]