Duso, Tomaso; Jung, Astrid - In: Journal of Industry, Competition and Trade 7 (2007) 1, pp. 9-29
This paper empirically explores the relationship between firms' market behavior and their lobbying activities in a … structurally estimate market interactions while taking the potential endogeneity of lobbying decisions into account. Our results … higher. Furthermore, we reject the hypothesis that lobbying activities can be regarded as exogenous in the study of market …