Showing 1 - 10 of 83
A firm may induce voters or elected politicians to support a policy it favors by suggesting that it is more likely to invest in a district whose voters or representatives support the policy. In equilibrium, no one vote may be decisive, and the policy may gain strong support though the majority...
Persistent link: https://www.econbiz.de/10011257421
political economy models, the district demand and the swing voter with lobbying, are tested, and a model that accounts for the …’s benefits and lobbying, especially by the municipalities concerned. …
Persistent link: https://www.econbiz.de/10011183170
This paper considers the players' behaviour in an asymmetric two-player contest. When do they decide to "struggle" and when to "subjugate"? Analysing contest-success functions it is found that two crucial prerequisites for "struggle" or "war" have to be met. Thus, such an equilibrium is possible...
Persistent link: https://www.econbiz.de/10010986218
A firm may induce voters or elected politicians to support a policy it favors by suggesting that it is more likely to invest in a district whose voters or representatives support the policy. In equilibrium, no one vote may be decisive, and the policy may gain strong support though the majority...
Persistent link: https://www.econbiz.de/10004964459
The objective of this paper is to investigate the determinants of EU merger control decisions. We consider a sample of 164 EU merger control decisions and evaluate the anti-competitive consequences of these mergers from the reaction of the stock market price of competitors to the merging firms....
Persistent link: https://www.econbiz.de/10005772932
In this paper, we present a citizen-candidate model of representative democracy with endogenous lobbying. We find that … lobbying induces policy compromise and always affects equilibrium policy outcomes. In particular, even though the policy … preferences of lobbies are relatively extreme, lobbying biases the outcome of the political process toward the center of the …
Persistent link: https://www.econbiz.de/10005109610
Lobbying by pollution firms is commonly viewed as having a negative impact on the stringency of environmental policy …. We ask whether lobbying instead can bring about stricter environmental policy, and how imperfect property rights affect …
Persistent link: https://www.econbiz.de/10005651710
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
We present a model consistent with the stylized fact that "rigid Europe" has witnessed higher unemployment and a more compressed wage structure than "flexible America". A distinguishing feature of the present paper is that it endogenises the labour market regulations that account for this...
Persistent link: https://www.econbiz.de/10005357874
This paper investigates the effects of business tax lobbying in the presence of investments that are sunk or costly to … obtaining tax breaks through lobbying; this reverses the usual logic of the capital levy problem. Nevertheless, these industries … corporate lobbying. When politicians give more weight to lobbyists' preferences, taxes fall on average and investment rises. But …
Persistent link: https://www.econbiz.de/10005827153