Demand and Supply of Populism ∗ L . Guiso

  title={Demand and Supply of Populism ∗ L . Guiso},
  author={Helios Herrera and Massimo Morelli and T. Sonno},
We define as populist a party that champions short-term protection policies while hiding their long-term costs by using anti-elite rhetoric to manipulate beliefs. We provide a framework that rationalizes this definition and generates sharp implications for people support to populist platforms (the demand side), for the timing of appearance of populist parties and their chosen orientation (the supply side) as well as for non-populist parties response to populist success (an equilibrium market… CONTINUE READING
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