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The compromise enhancing effect of lobbying on public policy has been established in two typical settings. In the first … demonstrate that in the latter setting, the compromising effect of lobbying need not exist. Our reduced-form, two-stage public …) desires to suckle thereby threatening the public well being more than the lobbying interest groups. The main result specifies …
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clarify how stake asymmetry, lobbying-skill asymmetry and return to lobbying effort determine the relative desirability, from …
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