Lyon, Thomas P.; Maxwell, John W. - 2014
We study three corporate non-market strategies designed to influence the lobbying behavior of other special interest …, 2) the "bear hug," in which the firm overtly pays a group to alter its lobbying activities, and 3) self-regulation, in … informativeness of lobbying, and all reduce the payoff of the public decision maker. We show that the decision maker would benefit by …