We study the impact of politicians' asset allocation on their economic bill proposals. Using a novel database of comprehensive financial disclosures of Congress members in South Korea, we find that the Congress members with more real estate assets in their portfolios are less likely to propose...

We study how firms with opposing environmental stances can engage in tug of war in environmental lobbying, leading to a deadweight loss from the political competition. We build a theoretical model where firms choose their lobbying level to influence a policymaker's environmental policies,...