This paper develops a lobbying-by-firms model that draws on a more realistic characterization of the lobbying process; influence-seeking requires both money to 'buy access' and managerial time to 'utilize access'. This, more realistically grounded, modeling approach furnishes theoretical support...

This paper introduces an alternative to the lobbying literature's standard assumption that money buys policies. Our model - in which influence-seeking requires both money to buy access and managerial time to utilize access - offers three significant benefits. First, it counters criticism that...

This paper examines the general-equilibrium effects of declining import prices on import and export industries’ lobbying. Different from the existing literature, our model endogenizes the emergence of lobbying groups, as lobbying requires both money to “buy access” to policymakers and...

This paper-focusing on Maharashtra-is part of a broader programme that is trying to understand the fiscal problems being faced at the level of state governments. This paper provides a brief overview of the economic environment in Maharashtra including the socio-economic development of the state...

This paper deals with issue of Capital Account Convertibility, in the context of the Indian economy. The issue has been in and out of fashion as far as the priority of the policy makers in India is concerned. The paper essentially derives from the earlier work done by Rao et al, and uses optimal...