Although the theoretical literature often uses lobbying and corruption synonymously, the empirical literature … associates lobbying with the preferred mean for exerting influence in developed countries and corruption with the preferred one … suggest that (a) lobbying and corruption are fundamentally different, (b) political institutions play a major role in …

theoretical framework that focus on the relationship between lobbying and corruption (that is, it investigates under what … conditions they are complements or substitutes). The paper also offers novel econometric evidence on lobbying, corruption and … influence using data for about 4000 firms in 25 transition countries. Our results show that (a) lobbying and corruption are …

can countries get trapped in a bribing equilibrium forever? Corruption and lobbying are to some extent substitutes. By … lobby the government to change the rules in more developed ones? Should we expect an evolution from bribing to lobbying, or …) an equilibrium with corruption discourages firms to invest, (ii) firms bribe if the level of development is low, but (iii …

What explains the world-wide trend of pro-entrepreneurial policies? We study entrepreneurial policy in a lobbying model …

This paper reviews the theories of corruption in regulated sectors to further understand the impact of corruption and … attempt to draw out some of the broader lessons that can be learnt for anti-corruption policy in general. …

their growth. Economic theory suggests uncertainty can cause firms to delay investments until uncertainty is resolved. We …