so by focusing on the use of lobbying for protection by import competing firms as a means to postpone costly product …, it will be optimal to adjust quality and to decrease the lobbying effort at some time, leading to liberalization and … technological catch-up. But then the equilibrium tariff will again be small and "cheap", and it will pay to start lobbying anew …

repeated voting, where agents vote over distortionary income redistribution. The key feature of the theory is that the future … constituency of redistributive policies depends positively on the current level of redistribution, since this affects both private … will vote for zero redistribution. …

.g., through lobbying of the media), which might reduce the supply of the credence attributes and even harm firms themselves. As a …