). We show that standard theory in the economics of regulation must be reconsidered in a world with MNEs and novel results …

The compromise enhancing effect of lobbying on public policy has been established in two typical settings. In the first … demonstrate that in the latter setting, the compromising effect of lobbying need not exist. Our reduced-form, two-stage public …) desires to suckle thereby threatening the public well being more than the lobbying interest groups. The main result specifies …

special interest groups. This paper examines the nature of the interaction between the lobbying activities of special interest … turn stimulates more intense lobbying which increases the scope of corrupt behavior. It is shown that electoral competition …

on the nexus between pre-election interest group lobbying and electoral competition. …

that centralized regulation is preferable. Under asymmetric information about the firms' costs, lobbying induces a unique … between the goods is high enough, the firms' lobbying activity may be so strong that decentralizing the regulatory structure …

-off between spending resources on lobbying for subsidies and costly restructuring such that both restructuring and subsidisation …