Showing 1 - 10 of 82
This paper proposes a simultaneous-equation approach to the estimation of the contribution of transport infrastructure accumulation to regional growth. We model explicitly the political-economy process driving infrastructure investments; in doing so, we eliminate a potential source of bias in...
Persistent link: https://www.econbiz.de/10010330110
We develop a model in which two firms that have proposed to merge are privately informed about merger-specific efficiencies. This enables the firms to influence the merger control procedure by strategically revealing their information to an antitrust authority. Although the information improves...
Persistent link: https://www.econbiz.de/10010278055
This paper empirically investigates market behavior and firms’ lobbying in a unified structural setup. In a sequential … game, where firms lobby for regulation before they compete in the product market, we derive a testable measure of lobbying … coordination. Applying the setting to the early U.S. cellular services industry, we find that lobbying expenditures, as measured by …
Persistent link: https://www.econbiz.de/10010278063
We study the effects of unequal representation in the interest-group system on the degree of information transmission between a lobbyist and a policymaker. Employing a dynamic cheap-talk model in which the lobbyist cares instrumentally about his reputation for truthtelling, we show that the...
Persistent link: https://www.econbiz.de/10010278111
This paper empirically explores the relationship between firms’ market behavior and their lobbying activities in a … structurally estimate market interactions while taking the potential endogeneity of lobbying decisions into account. Our results … higher. Furthermore, we reject the hypothesis that lobbying activities can be regarded as exogenous in the study of market …
Persistent link: https://www.econbiz.de/10010278114
This paper examines the effect of inefficient redistribution in Myerson’s (1993) model of redistributive politics …
Persistent link: https://www.econbiz.de/10010306995
This paper explores the determinants of individual level support for income redistribution by the government. It argues … that there are two sources of preference formation when it comes to redistribution. People are either in favor of income … redistribution because they are disadvantaged, or they favor redistribution as a means to insure against income shocks. The paper …
Persistent link: https://www.econbiz.de/10010307092
on how risk exposure and income are related to preferences for redistribution. To test our hypotheses, we extract … turn our attention to the supply side of government redistribution. Institutions, we argue, mediate governments’ reactions …
Persistent link: https://www.econbiz.de/10010307102
. Redistribution to real co-players has a negative effect on the median voter's tax rate choice. Further, perceived income mobility … decreases the desired amount of redistribution. Our results suggest the importance of concerns about own mobility as well as …
Persistent link: https://www.econbiz.de/10010307680
We investigate redistributive taxation in a political economy experiment and determine how different patterns of social mobility affect the choices of redistributional taxes. In the absence of social mobility, voters choose tax rates that are very well in line with the prediction derived in the...
Persistent link: https://www.econbiz.de/10010307690