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Contribution to productivity or pork barrel? The two faces of infrastructure investment

Cadot, Olivier; Röller, Lars-Hendrik; Stephan, Andreas - 2002

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/10010330110

On the desirability of an efficiency defense in merger control

Lagerlöf, Johan; Heidhues, Paul - 2002

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/10010278055

Product market competition and lobbying coordination in the US mobile telecommunications industry

Jung, Astrid; Duso, Tomaso - 2003

This paper empirically investigates market behavior and firms’ lobbying in a unified structural setup. In a sequential … game, where firms lobby for regulation before they compete in the product market, we derive a testable measure of lobbying … coordination. Applying the setting to the early U.S. cellular services industry, we find that lobbying expenditures, as measured by …

Persistent link: https://www.econbiz.de/10010278063

Lobbying, information transmission, and unequal representation

Lagerlöf, Johan; Frisell, Lars - 2004

We study the effects of unequal representation in the interest-group system on the degree of information transmission between a lobbyist and a policymaker. Employing a dynamic cheap-talk model in which the lobbyist cares instrumentally about his reputation for truthtelling, we show that the...

Persistent link: https://www.econbiz.de/10010278111

Market conduct and endogenous lobbying: evidence from the U.S. mobile telecommunications industry

Duso, Tomaso; Jung, Astrid - 2002

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 …

Persistent link: https://www.econbiz.de/10010278114

Unionization structures and firms incentives for productivity enhancing investments

Haucap, Justus; Wey, Christian - 2002

This paper examines how unionization structures that differ in the degree of wage centralization affect firms' incentives to increase labor productivity. We distinguish three modes of unionization with increasing degree of centralization: (1) “Decentralization” where wages are determined...

Persistent link: https://www.econbiz.de/10010278045

How Trump triumphed: Multi-candidate primaries with buffoons

Castanheira, Micael; Huck, Steffen; Leutgeb, Johannes; … - 2022

While people on all sides of the political spectrum were amazed that Donald Trump won the Republican nomination this paper demonstrates that Trump's victory was not a crazy event but rather the equilibrium outcome of a multi-candidate race where one candidate, the buffoon, is viewed as likely to...

Persistent link: https://www.econbiz.de/10013367684

Fairness in matching markets: Experimental evidence

König, Tobias; Mechtenberg, Lydia; Kübler, Dorothea; … - 2023

We investigate fairness preferences in matching mechanisms using a spectator design. Participants choose between the Boston mechanism or the serial dictatorship mechanism (SD) played by others. In our setup, the Boston mechanism generates justified envy, while the strategy-proof SD ensures...

Persistent link: https://www.econbiz.de/10014320841

Die deutsche Wirtschaft und die AfD: Erfahrungen, Befunde und erste Forschungsergebnisse

Bergmann, Knut; Diermeier, Matthias; Kinderman, Daniel; … - 2024

Klassischerweise üben Vertreter der Wirtschaft sich jenseits der unmittelbaren Betroffenheit weitgehend parteipolitischer Enthaltsamkeit. Da sich in der Bundesrepublik mit der Alternative für Deutschland (AfD) eine von ihrer wirtschaftspolitischen Programmatik her liberal-rechtspopulistische...

Persistent link: https://www.econbiz.de/10014478443

Alliances in the shadow of conflict

Ke, Changxia; Konrad, Kai A.; Morath, Florian - 2012

Victorious alliances often fight about the spoils of war. We consider experimentally when members of victorious alliances accept a peaceful division of the spoils, and when they fight against each other, and how the inability to commit to a peaceful division affects their effort contributions in...

Persistent link: https://www.econbiz.de/10010309020