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How does regulatory capture affect growth? We construct measures of the political power of firms and regional regulatory capture using micro-level data on the preferential treatment of firms through regional laws and regulations in Russia during the period 1992-2000. Using these measures, we...
Persistent link: https://www.econbiz.de/10005357258
How does regulatory capture affect growth? We construct measures of the political power of firms and regional regulatory capture using micro-level data on the preferential treatment of firms through regional laws and regulations in Russia during the period 1992-2000. Using these measures, we...
Persistent link: https://www.econbiz.de/10005163078
of the lobbying investment depends on whether or not the candidates are willing to respond and able to collude on low …-tax policies that do not harm their relative chances in the elections. In the experiment, we find that lobbying is never successful … when the lobbyist and candidates interact just once. By contrast, it yields substantially lower redistribution in about 40 …
Persistent link: https://www.econbiz.de/10008742954
of the lobbying investment depends on whether or not the candidates are willing to respond and able to collude on low …-tax policies that do not harm their relative chances in the elections. In the experiment, we find that lobbying is never successful … when the lobbyist and candidates interact just once. By contrast, it yields substantially lower redistribution in about 40 …
Persistent link: https://www.econbiz.de/10008742961
’ policy choices by transferring money to them. We observe very high levels of redistribution – even when transfers to …
Persistent link: https://www.econbiz.de/10008527327
Two wealth effects typically arise in any contest: i) wealth decreases the marginal cost of effort, but also ii) decreases the marginal benefit of winning the contest. In this paper, we introduce three types of strategic contest models depending on whether the first, second, or both wealth...
Persistent link: https://www.econbiz.de/10010818853
We study the interaction between competitive markets and income redistribution that reallocates unequal pre-tax market … (DA) with exogenous zero or full redistribution. In another setup, after trading, they vote on redistributive tax policies … in a majoritarian election with two competing candidates. This results in virtually full redistribution, even when …
Persistent link: https://www.econbiz.de/10011056101
Persistent link: https://www.econbiz.de/10011091655
Throughout human history, polities have found it necessary to devote resources towards maintaining security from other polities or to prosecute a war against them. This paper explores the evolution of the war economy, as well as the circumstances which mandated and instruments which allowed the...
Persistent link: https://www.econbiz.de/10010965601
I compare certification and self-regulation, two widely used quality assurance mechanisms in markets where consumers do not observe the quality of goods. Certification is a mechanism in which an external firm oers a certificate to producers who undergo a testing procedure, issues the certificate...
Persistent link: https://www.econbiz.de/10005178146