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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/10012461395
We model how lobbying by interest groups affects the level of investor protection. In our model, insiders in existing … under which this lobbying game has an inefficiently low equilibrium level of investor protection. Factors that operate to …
Persistent link: https://www.econbiz.de/10012464944
The participation of interest groups in public policy making is unavoidable. Its unavoidable nature is only matched by the universal suspicion with which it has been seen by both policy makers and the public. Recently, however, there has been a growing literature that examines the participation...
Persistent link: https://www.econbiz.de/10012466460
It has long been recognized that a country's tariffs are the endogenous outcome of a rent-seeking game whose equilibrium reflects national institutions. Thus, the structure of tariffs across industries provides insights into how institutions, as reflected in tariff policies, affect long-term...
Persistent link: https://www.econbiz.de/10012466530
A long-standing puzzle in the fiscal federalism literature is the empirical non-equivalence in government spending from grants and other income. I propose a fully rational model in which violations of fungibility arise from dynamic interactions between politicians and interest groups with the...
Persistent link: https://www.econbiz.de/10012466632
litigate administrative rulemaking in the courts affects the lobbying strategies of competing interest groups at the rulemaking … cannot be observed by examining each one in isolation. We demonstrate that lobbying effort responds to the ideology of the … quo, interest group lobbying investments become smaller, and may be eliminated all together, 2) as interest groups become …
Persistent link: https://www.econbiz.de/10012469733
In this paper we consider a home government with political pressure to restrict trade, at the expense of foreigners. The foreign country is compensated with an income transfer, which can be thought of as a portion of the tariff revenues or quota rents. In this setting the two countries should...
Persistent link: https://www.econbiz.de/10012476694
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 …
Persistent link: https://www.econbiz.de/10012467312
This is the first paper to statistically examine the timing of interest group lobbying. It introduces a theoretical … intensity and timing of interest group activity. Using a new database of all lobbying expenditures in the U.S. states ranging up … to 25 years, the paper shows interest group lobbying increases substantially during one of these structural windows in …
Persistent link: https://www.econbiz.de/10012468105
This paper studies how interest groups allocate campaign contributions when congressmen are connected by social ties. We establish conditions for the existence of a unique Nash equilibrium in pure strategies for the contribution game and characterize the associated allocation of the interest...
Persistent link: https://www.econbiz.de/10012455941