Showing 1 - 10 of 25
lobbying pressure are more likely than other firms to choose joint ventures as their corporate governance structure. …
Persistent link: https://www.econbiz.de/10008468544
What explains the world-wide trend of pro-entrepreneurial policies? We study entrepreneurial policy in a lobbying model …
Persistent link: https://www.econbiz.de/10008530366
antitrust agency and where transparency - while making lobbying less effective - also implies real resource costs. We examine … regulatory failures. We find that under a welfare standard, lobbying leads to the clearance of relatively inefficient mergers … relatively efficient mergers that would increase welfare (i.e. there is a type I error). Lobbying actually reduces the extent to …
Persistent link: https://www.econbiz.de/10005124327
Although the theoretical literature often uses lobbying and corruption synonymously, the empirical literature … associates lobbying with the preferred mean for exerting influence in developed countries and corruption with the preferred one … between bribing and lobbying. We test our predictions using survey data for about 6000 firms in 26 countries. Our results …
Persistent link: https://www.econbiz.de/10005136644
In this Paper we extend the cheap talk model of Crawford and Sobel (1982) to a multidimensional state space and policy space. We provide a characterization of equilibria. We focus on the question of feasibility of information transmission, for large degrees of conflict of interests between the...
Persistent link: https://www.econbiz.de/10005067454
We develop a model in which two firms that have proposed to merge are privately informed about merger-specific efficiencies. This enables the firms to influence the merger control procedure by strategically revealing their information to an antitrust authority. Although the information improves...
Persistent link: https://www.econbiz.de/10005067524
: we study legislative bargaining, lobbying, and electoral competition, as well as the possible interactions between these …
Persistent link: https://www.econbiz.de/10005067583
This paper uses the common agency approach to analyse the joint determination of product and labour market distortions in a small (developing) open economy. Capital owners and union members lobby the government on both tariffs and minimum wages, while other factors of production are not...
Persistent link: https://www.econbiz.de/10005504496
governments, which are subject to lobbying by the firms (be they insiders or outsiders to the merger). We argue that political …
Persistent link: https://www.econbiz.de/10005114396
We re-address the tradeoff between centralized and decentralized decision making of local policies when policymakers are subject to capture by special interest groups. In particular, we consider the case where lobbies have private information about their ability to exert influence. We find a new...
Persistent link: https://www.econbiz.de/10011083471