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In this paper we use cross-state panel data to show a positive and significant correlation between various measures of … on the top 1% income share are dampened in states with higher lobbying intensity. Finally, from cross-section regressions … less so by incumbent innovators, and it is dampened in states with higher lobbying intensity. Overall, our findings …
Persistent link: https://www.econbiz.de/10012457420
This paper provides a positive political economy analysis of the most important revision of the U.S. supervision and regulation system during the last two decades, the 1991 Federal Deposit Insurance Corporation Improvement Act (FDICIA). We analyze the impact of private interest groups as well as...
Persistent link: https://www.econbiz.de/10012471187
political mechanisms: we study legislative bargaining, lobbying, and electoral competition, as well as the possible interactions …
Persistent link: https://www.econbiz.de/10012471701
This paper presents a theory of trade agreements where "politics" play an central role. This stands in contrast with the standard theory, where even politically-motivated governments sign trade agreements only to deal with terms-of-trade externalities. We develop a model where governments may be...
Persistent link: https://www.econbiz.de/10012466956
the judiciary. The resulting framework reconciles the theoretical literature of lobbying with the negative available … evidence on the impact of lobbying over legislative outcomes, and sheds light to the determinants of lobbying in separation …-of-powers systems. We provide conditions for judicial decisions to be sensitive to legislative lobbying, and find that lobbying falls …
Persistent link: https://www.econbiz.de/10012467366
using state-level panel data on Gubernatorial environmental policy choices over the years 1960-2000. In contrast to the … popular view that choices on secondary policy instruments are largely determined by lobbying, we find strong effects of …
Persistent link: https://www.econbiz.de/10012468084
Much economic policy is deliberately shifted away from direct political processes to administrative processes --- political pressure deflection. Pressure deflection poses a puzzle to standard political economy models which suggest that having policies to `sell' is valuable to politicians. The...
Persistent link: https://www.econbiz.de/10012468254
Policies are typically chosen by politicians and bureaucrats. This paper investigates the e fficiency criteria for allocating policy tasks to elected policymakers (politicians) or non elected bureaucrats. Politicians are more efficient for tasks that do not involve too much specific technical...
Persistent link: https://www.econbiz.de/10012468452
This paper examines voting by members of Congress on three trade bills introduced in 1993 and 1994: the North American Free Trade Agreement (NAFTA), the agreements concluded in the Uruguay Round of multilateral trade negotiations (GATT), and most-favored nation status for China. We first review...
Persistent link: https://www.econbiz.de/10012472442
This paper develops a political-economic model of fiscal policy one in which" government resources are a common property' out of which interest groups can finance" expenditures on their preferred items. This setup has striking macroeconomic implications. " First, fiscal deficits and debt...
Persistent link: https://www.econbiz.de/10012472479