Guriev, Sergei; Yakovlev, Evgeny; Zhuravskaya, Ekaterina - Center for Economic and Financial Research (CEFIR), New … - 2007
In a federation, local policies with inter-regional spillovers depend on the extent and the nature of local capture. Local lobbyists who have multi-regional scope internalize inter-jurisdictional externalities to a larger extent than the lobbyists with interests in a single region. In...