Showing 1 - 10 of 189
Firms often try to influence individuals that, like regulators, are tasked with advising or deciding on behalf of a third party. In a dynamic regulatory setting, we show that a firm may prefer to capture regulators through the promise of a lucrative future job opportunity (i.e., the...
Persistent link: https://www.econbiz.de/10013236193
Manpower constraints are the pervasive lack of specialized high- and low-skill workers, irrespective of the wage firms might offer. For a panel of German firms, we show manpower-constrained firms have higher capacity utilization and longer backlog of orders (measured in months). They are more...
Persistent link: https://www.econbiz.de/10013314951
During the last decade unicameral proposals have been put forward in fourteen US states. In this paper we propose a theoretical framework casting some lights on the drawbacks of bicameral state legislatures and on the effects of the proposed constitutional reforms. In a setting where lawmakers...
Persistent link: https://www.econbiz.de/10010273815
lobbying, because now decisions are too sensitive to the preferences of the organised group. …
Persistent link: https://www.econbiz.de/10010275667
Taking a political economy perspective this paper proposes an alternative carbon abatement policy instrument with significant advantages over existing policy instruments. The key feature of the proposed carbon securities is that they entitle their owners to a fixed proportion of ex ante unknown...
Persistent link: https://www.econbiz.de/10010281453
This paper shows why a majority of legislators may vote for a policy that benefits a firm but harms all legislators. The firm may induce legislators to support the policy by suggesting that it is more likely to invest in a district whose voters or representative support the policy. In...
Persistent link: https://www.econbiz.de/10010281930
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
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
We exploit the precise timing of natural disasters to provide empirical evidence on the connection between electoral accountability and politicians’ support for special interests. We show that, in the immediate aftermath of a disaster, the evening news substantially reduce their coverage of...
Persistent link: https://www.econbiz.de/10012892175
“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