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private firm. We solve analytically for the Kantian equilibrium of this lobbying game together with the majority voting … more concentrated among the top productivity individuals, their increased lobbying effort generates efficiency as well as …
Persistent link: https://www.econbiz.de/10010877896
In this paper we model the commercial lobbying industry (such as the so-called K-Street lobbyists of Washington, D ….C.). In contrast to classical special interest groups commercial lobbying firms are not directly motivated by policy outcomes … level of commercial lobbying services is typically socially inefficient, and characterize the nature of the distortions …
Persistent link: https://www.econbiz.de/10010877950
Taking a political economy perspective this paper proposes an alternative carbon abatement policy instrument with significant advantages over existing policy instruments. The key feature of the proposed carbon securities is that they entitle their owners to a fixed proportion of ex ante unknown...
Persistent link: https://www.econbiz.de/10010535631
This paper shows why a majority of legislators may vote for a policy that benefits a firm but harms all legislators. The firm may induce legislators to support the policy by suggesting that it is more likely to invest in a district whose voters or representative support the policy. In...
Persistent link: https://www.econbiz.de/10010544187
During the last decade unicameral proposals have been put forward in fourteen US states. In this paper we propose a theoretical framework casting some lights on the drawbacks of bicameral state legislatures and on the effects of the proposed constitutional reforms. In a setting where lawmakers...
Persistent link: https://www.econbiz.de/10004979403
democracy where citizens can lobby an elected policy-maker. We find that lobbying always matters. That is, lobbying always …
Persistent link: https://www.econbiz.de/10005094249
We construct a political equilibrium in which employers and labour unions bargain over labour contracts, wage-earners and profit-earners lobby the government for taxation and labour market regulation, and labour market legislation must be accepted by the majority of voters. We show that the...
Persistent link: https://www.econbiz.de/10005051549
We study lobbying behavior by firms in a two-region economy, with either centralized or decentralized provision of … profit-enhancing local public goods. Firms compete either in the market, lobbying for public good provision once entered in a … market, or for the market, lobbying to gain ccess to it. When firms compete in the market, we show that lobbying is …
Persistent link: https://www.econbiz.de/10005181575
lobbying, because now decisions are too sensitive to the preferences of the organised group. …
Persistent link: https://www.econbiz.de/10005181589
clarify how stake asymmetry, lobbying-skill asymmetry and return to lobbying effort determine the relative desirability, from …
Persistent link: https://www.econbiz.de/10005405886