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scale nor technological costs can explain the decline in the Q- elasticity of entry, but lobbying and regulations can. We … relative to large ones, particularly in industries with high lobbying expenditures. We conclude that lobbying and regulations …
Persistent link: https://www.econbiz.de/10012479950
In setting prices for physician services, Medicare solicits input from a committee that evaluates proposals from industry. We investigate whether this arrangement leads to prices biased toward the interests of committee members. We find that increasing a measure of affiliation between the...
Persistent link: https://www.econbiz.de/10012453360
We argue that profit-maximizing media help overcome the problem of "rational ignorance" highlighted by Downs (1957) and in so doing make elected representatives more sensitive to the interests of general voters. By collecting news and combining it with entertainment, media are able to inform...
Persistent link: https://www.econbiz.de/10012464287
for the costs of political bargaining and lobbying that arise from implementing and administering government regulation …. Regulation, tax, and Coasean exchange, such as through cap-and-trade regimes, are presented as substitutes, based on the relative …
Persistent link: https://www.econbiz.de/10012456769
Extremely narrow election outcomes--such as could be reversed by rejecting a few thousand ballots--are likely to … College system. Starting from probabilistic simulations of likely presidential election outcomes that are similar to the … output from election forecasting models, we calculate the likelihood of disputable, narrow outcomes under the Electoral …
Persistent link: https://www.econbiz.de/10012482213
's jurisdiction increases significantly pre-election, spiking 23%, with zero equivalent move for equivalently global (but domestic …
Persistent link: https://www.econbiz.de/10012794651
implicitly delivers a novel method for estimating the impact of campaign spending on election outcomes: we find that an …
Persistent link: https://www.econbiz.de/10012464972
We study how social media affects election outcomes in the United States. We use variation in the number of Twitter …
Persistent link: https://www.econbiz.de/10012533398
We investigate the influence of electoral rules and voter information in elections on voting outcomes and the quality of public officials, using new data on state court judge elections in 39 states in the U.S. from 1990 to 2010. We find, first, that voting is very partisan in partisan judicial...
Persistent link: https://www.econbiz.de/10012460304
Using newly digitized data on the growth of the telegraph network in America during 1840-1852, the paper studies the impacts of the electric telegraph on national elections. I use proximity to daily newspapers with telegraphic connections to Washington to generate plausibly exogenous variation...
Persistent link: https://www.econbiz.de/10014322855