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This paper examines an economic union where oligopolistic firms produce by skilled and unskilled labor and do in-house Ramp;D by skilled labor. The planner of the union accepts new members to the union, regulates the labor market through a minimum wage for unskilled labor and supports firms by...
Persistent link: https://www.econbiz.de/10012764074
Asymmetric information between voters and legislative representatives poses a major challenge to the functioning of representative democracy. We examine whether representatives are more likely to serve long-term campaign donors instead of constituents during times of low media attention to...
Persistent link: https://www.econbiz.de/10012906525
When policymakers and private agents use models, the economists who design the model have an incentive to alter it in order to influence outcomes in a fashion consistent with their own preferences. I discuss some consequences of the existence of such ideological bias. In particular, I analyze...
Persistent link: https://www.econbiz.de/10013088344
what condition an interest group prefers to direct its lobbying efforts to two parties or the two coalition and opposition … discipline. The lobbying efforts under un-enforced and enforced party discipline are also compared. Finally, we clarify the …
Persistent link: https://www.econbiz.de/10013096476
. The two dimensions provide an opportunity to trade off one policy over another to make the lobbying opposition less …
Persistent link: https://www.econbiz.de/10013314863
of the lobbying investment depends on whether or not the candidates are willing to respond and able to collude on low …-tax policies that do not harm their relative chances in the elections. In the experiment, we find that lobbying is never successful …% of societies with finitely-repeated encounters. However, lobbying investments are not always profitable, and profit …
Persistent link: https://www.econbiz.de/10013132418
Government intervention often gives rise to contests and the government can influence their outcome by choosing their type. We consider a contest with two interest groups: one that is governed by a central planner and one that is not. Rent dissipation is compared under two well-known contest...
Persistent link: https://www.econbiz.de/10013061935
This paper examines an economy with a large number of industries, each producing a different good. Technological change follows a Poisson process where firms improve their productivity through investment in Ramp;D. The less there are firms in the economy or the more they can coordinate their...
Persistent link: https://www.econbiz.de/10012764080
Business and politician interaction is pervasive but has mostly been analysed with a binary approach. Yet the network dimensions of such connections are ubiquitous. We use a unique dataset for seven economies that documents politically exposed persons (PEPs) and their links to companies,...
Persistent link: https://www.econbiz.de/10012919511
Attorneys elected to the US Congress and to US state legislatures are systematically less likely to vote in favor of tort reforms that restrict tort litigation, but more likely to support bills that extend tort law than legislators with a different professional background. This finding is based...
Persistent link: https://www.econbiz.de/10013026853