An, Byeong-Je; Choi, Hyun-Soo; Kim, Hugh Hoikwang; Kim, … - 2023
We study how firms with opposing environmental stances can engage in tug of war in environmental lobbying, leading to a … deadweight loss from the political competition. We build a theoretical model where firms choose their lobbying level to influence … a policymaker's environmental policies, considering other firms' lobbying activities. An important prediction of the …