Showing 1 - 10 of 1,991
“informational lobbying market” and can be easily incentivized by policymakers to truthfully reveal private information. We also show …
Persistent link: https://www.econbiz.de/10012892218
We study the role of firms in the political economy of trade agreements. Using detailed information from lobbying … reports filed under the Lobbying Disclosure Act, we find that virtually all firms that lobby on free trade agreements (FTAs …) support their ratification. Moreover, relative to non-lobbying firms, lobbying firms are larger, and more likely to be engaged …
Persistent link: https://www.econbiz.de/10012836007
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 …
Persistent link: https://www.econbiz.de/10010261146
In a three-country model of endogenous trade agreements, we study the implications of the Most Favored Nation Clause (MFN) when countries are free to form discriminatory preferential trade agreements (PTAs). While PTA members discriminate against non-member countries, MFN requires non-members to...
Persistent link: https://www.econbiz.de/10012839848
Mainstream economic wisdom favoring cooperative free trade is challenged by a wave of disruptive trade policies. In this paper, we provide quantitative evidence concerning the economic impacts of tariffs implemented by the United States in 2018 and the subsequent retaliations by partner...
Persistent link: https://www.econbiz.de/10012892204
In the past there was hardly any use of economic instruments in environmental policy, mainly command and control measures were used. More recently, ecological taxes as well as tradable permits became more popular and voluntary agreements have been implemented. Using the Public Choice approach we...
Persistent link: https://www.econbiz.de/10010315254
This paper studies a school district that was federally mandated to adopt a race-blind lottery system to fill seats in …
Persistent link: https://www.econbiz.de/10012892247
Betting markets have been frequently used as a natural laboratory to test the efficient market hypothesis and to obtain insights especially for financial markets. We add to this literature in analyzing the velocity and accuracy in which market expectations adapt to an exogenous shock: the...
Persistent link: https://www.econbiz.de/10012823156
allocating state lottery revenues to Israeli municipalities from discretion-based allocation to rules-based allocation. We find …
Persistent link: https://www.econbiz.de/10012860767
The goal of this research is to explore whether actual lottery revenues are sensitive to scarcity, as measured by intra …-monthly variation in financial resources. Using two million observations on daily lottery revenues that cover more than 2,500 lottery … outlets in Israel for two years (2015-2016), I find that gambling revenue spikes at social security paydays. The estimation …
Persistent link: https://www.econbiz.de/10012861458