Showing 1 - 10 of 382
This paper employs a novel data set on lobbying expenditures to measure the degree of within-sector political … organization and to explore the determinants of the mode of lobbying and political organization across U.S. industries. The data … show that sectors characterized by a higher degree of competition (more substitutable products and a lower concentration of …
Persistent link: https://www.econbiz.de/10012764629
investigates empirically the consequences of lobbying competition between upstream and downstream producers for trade policy. The … with lobbying competition. Importantly, accounting for lobbying competition also alters substantially estimates of the …Competition between opposing lobbies is an important factor in the endogenous determination of trade policy. This paper …
Persistent link: https://www.econbiz.de/10013217953
This paper examines the attitude of Jewish law to competition in light of the economist's understanding of the benefits … of competition and of the beneficiaries from intervention in the competitive process. The punchline of this paper is … simple. Although Judaism has used a whole host of restrictions on competition and has had its share of legislation to promote …
Persistent link: https://www.econbiz.de/10013310128
get inside the black box of the lobbying process and inform our understanding of the relative importance of these two … views of lobbying. We exploit multiple sources of data covering the period 1999 to 2008, including: federal lobbying … lobbying does not fit the data well. Instead, maintaining connections to politicians appears central to what lobbyists do. In …
Persistent link: https://www.econbiz.de/10013130552
We demonstrate that personal connections amongst politicians have a significant impact on the voting behavior of U.S. politicians. Networks based on alumni connections between politicians, as well as common seat locations on the chamber floor, are consistent predictors of voting behavior. For...
Persistent link: https://www.econbiz.de/10013137309
In democracies, trade policy is the result of interactions among many agents with different agendas. In accordance with this observation, we construct a dynamic model of legislative trade policy-making in the realm of distributive politics. An economy consists of different sectors, each of which...
Persistent link: https://www.econbiz.de/10013121949
Has lobbying by financial institutions contributed to the financial crisis? This paper uses detailed information on … financial institutions' lobbying and mortgage lending activities to answer this question. We find that lobbying was associated … with more risk-taking during 2000-07 and with worse outcomes in 2008. In particular, lenders lobbying more intensively on …
Persistent link: https://www.econbiz.de/10013124842
In many cultures and industries gifts are given in order to influence the recipient, often at the expense of a third party. Examples include business gifts of firms and lobbyists. In a series of experiments, we show that, even without incentive or informational effects, small gifts strongly...
Persistent link: https://www.econbiz.de/10013097778
In this paper we demonstrate that legislation has a simple, yet previously undetected impact on firm stock prices. While it is understood that the government and firms have an important relationship, it remains difficult to determine which firms any given piece of legislation will affect, and...
Persistent link: https://www.econbiz.de/10013102187
We study the determinants of the dynamics of firm lobbying behavior using a panel data set covering 1998-2006. Our data … exhibit three striking facts: (i) few firms lobby, (ii) lobbying status is strongly associated with firm size, and (iii …) lobbying status is highly persistent over time. Estimating a model of a firm's decision to engage in lobbying, we find …
Persistent link: https://www.econbiz.de/10013067182