Showing 1 - 10 of 291
We re-address the tradeoff between centralized and decentralized decision making of local policies when policymakers are subject to capture by special interest groups. In particular, we consider the case where lobbies have private information about their ability to exert influence. We find a new...
Persistent link: https://www.econbiz.de/10011083471
private firm. We solve analytically for the Kantian equilibrium of this lobbying game together with the majority voting … more concentrated among the top productivity individuals, their increased lobbying effort generates efficiency as well as …
Persistent link: https://www.econbiz.de/10011083884
An extensive literature has studied lobbying by special interest groups. We analyze a novel lobbying channel: lobbying … politically motivated spenders of similar magnitude, stressing the economic importance of this lobbying channel. These findings …
Persistent link: https://www.econbiz.de/10011084332
We develop a model in which two firms that have proposed to merge are privately informed about merger-specific efficiencies. This enables the firms to influence the merger control procedure by strategically revealing their information to an antitrust authority. Although the information improves...
Persistent link: https://www.econbiz.de/10005067524
lobby the government to change the rules in more developed ones? Should we expect an evolution from bribing to lobbying, or … can countries get trapped in a bribing equilibrium forever? Corruption and lobbying are to some extent substitutes. By …) they switch to lobbying if the level of development is sufficiently high. Combined, the economy might evolve from a bribing …
Persistent link: https://www.econbiz.de/10005661993
This paper proposes a simultaneous-equation approach to the estimation of the contribution of transport infrastructure accumulation to regional growth. We model explicitly the political-economy process driving infrastructure investments; in doing so, we eliminate a potential source of bias in...
Persistent link: https://www.econbiz.de/10005666545
popular view that choices on secondary policy instruments are largely determined by lobbying, we find strong effects of …
Persistent link: https://www.econbiz.de/10005789133
We develop a model where trade agreements - in addition to correcting terms-of-trade externalities - help governments to commit vis-a-vis domestic industrial lobbies. We explore how trade liberalization is affected by the characteristics of the political environment, such as the degree to which...
Persistent link: https://www.econbiz.de/10005791399
Conventional wisdom suggests that lobbying is the preferred mean for exerting political influence in rich countries and … theoretical framework that focus on the relationship between lobbying and corruption (that is, it investigates under what … conditions they are complements or substitutes). The paper also offers novel econometric evidence on lobbying, corruption and …
Persistent link: https://www.econbiz.de/10005792187
maker does not react unless all of them are actively lobbying. In a ‘mutual discipline’ or high-trust equilibrium, by …
Persistent link: https://www.econbiz.de/10005792452