This paper examines the reasons why corruption and policy distortions tend to exhibit a high degree of persistence in … certain regimes. We identify circumstances under which a firm seeks to evade regulations by (1) bribing of local inspectors …, and (2) lobbying high-level government politicians to resist legal reforms designed to improve judicial efficiency and …

In this paper, we discuss whether and how bank lobbying can lead to regulatory capture and have real consequences … through an overview of the motivations behind bank lobbying and of recent empirical evidence on the subject. Overall, the … interpreted as a call for an outright ban of lobbying, they point in the direction of a need for rethinking the framework …

this event, firms with little or no prior exposure to the federal accounts that experienced cuts reduced their lobbying … spending. In contrast, firms with a high degree of exposure to the cuts maintained and even increased their lobbying spending … likely intensified their lobbying efforts to distinguish themselves from the others and improve their chances of procuring a …

. In particular, we discuss the joint impact of trade openness and political uncertainty. Our theory predicts that the …. Political uncertainty has a positive effect on environmental policy as it reduces lobbying efforts. Applying our model to a … unique data set of primarily developing countries, the empirical findings support the theory and are robust under alterntive …

We study how lobbying affects the resolution of failed banks, using a sample of FDIC auctions between 2007 and 2014. We … higher costs in such auctions, amounting to 16.4 percent of the total resolution losses. We also find that lobbying winners … have worse operating and stock market performance than their non-lobbying counterparts, suggesting that lobbying results in …

the value of protection, via costless messages (cheap-talk) and costly messages (lobbying). We estimate our model using … firm-level data on tariff suspension bills and lobbying expenditures from 1999-2006, and find that indeed verbal opposition … by import-competing firms, with no lobbying, significantly reduces the probability of a suspension being granted. In …