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. Counter-intuitively, we further discover that lobbying for regulation is to be expected where the incumbent firm is relatively … of protection. Strategic lobbying by such firms for a price-capping regulatory regime is, under certain conditions, one … possible for the profit of the incumbent to be greater under regulation which deters entry than under unregulated duopoly …
Persistent link: https://www.econbiz.de/10005561376
We study the effects of unequal representation in the interest-group system on the degree of information transmission between a lobbyist and a policymaker. Employing a dynamic cheap-talk model in which the lobbyist cares instrumentally about his reputation for truthtelling, we show that the...
Persistent link: https://www.econbiz.de/10005076613
In the standard model of a rent-seeking contest, firms optimally employ resources in an attempt to win the contest and obtain the rent. Typically, it is assumed that these resources may be hired at any desired level at some fixed, exogenous per-unit cost. In many real-world rent-seeking...
Persistent link: https://www.econbiz.de/10005077062
special interest groups. This paper examines the nature of the interaction between the lobbying activities of special interest … turn stimulates more intense lobbying which increases the scope of corrupt behavior. It is shown that electoral competition …
Persistent link: https://www.econbiz.de/10005135118
There is an established theoretical and empirical case-study literature arguing that environmental pressure groups have a real impact on pollution levels. Our original contribution to this literature is to provide the first systematic quantitative test of the strength of environmental...
Persistent link: https://www.econbiz.de/10005407808
We study the effects of unequal representation in the interest-group system on the degree of information transmission between a lobbyist and a policymaker. Employing a dynamic cheap-talk model in which the lobbyist cares instrumentally about his reputation for truthtelling, we show that the...
Persistent link: https://www.econbiz.de/10005413244
Interest groups lobby over a variety of issues including private bills. There are two striking facts about private bills introduced in the U.S. Congress. First, several scandals have involved Congressmen who were being bribed to introduce a private bill. Second, the number of private bills...
Persistent link: https://www.econbiz.de/10005556927
Important conceptualizations of both interest groups and bureaucratic agencies suggest that these institutions provide legislatures with greater information for use in policy making. Yet little is known about how these information sources interact in the policy process as a whole. In this paper...
Persistent link: https://www.econbiz.de/10005560982
A key area of focus in the economic reform process and the design of a favorable business environment is labor market legislation. Montenegro has obviously failed in this area. After nearly 13 years since the beginning of the transition process, or five years since the beginning of Economic...
Persistent link: https://www.econbiz.de/10005076510
There is a secret paradox at the heart of social contract theories. Such theories assume that, because personal security and private property are at risk in a state of nature, subjects will agree to grant Leviathan a monopoly of violence. But what is to prevent Leviathan from turning on his...
Persistent link: https://www.econbiz.de/10005076588