followed by financial crises. We explain this variation as the outcome of lobbying interests capturing the reform process. Even … by more leveraged entrepreneurs, protecting more established producers. As a result, lobbying may deliberately worsen …

We study a politician's choice for state or private control of banks. The choice trades of lobbying contributions …

This paper studies the internal organizational design of politicalinstitutions in presence of lobbying. We consider a … of the feasible policies.In this context, we investigate the impact of lobbying on the optimalallocation of political … as the choicebetween two alternative legislative rules: open versus closed rule.We show that, in presence of lobbying …