independence and inflation. In this paper, we construct a theory where the relationship between inflation and central bank … inflation or costly fiscal expansion) rejects the monetary policy proposal of the central bank (which aims to minimize inflation …, increasing the fixed cost of rejecting the central bank's offer creates two opposite effects on inflation: delegation effect and …

Increasingly, lobbying groups are subject to transparency requirements, obliging them to provide detailed information … about their business. We study the effect this transparency policy has on the nature of lobbying competition. Under mild … conditions, mandated transparency leads to an increase in wastefulness of lobbying competition and a decline in expected …

This paper analyzes a dynamic lobbying model in which two antagonistic lobbies compete with each other for a prize over … to change the status quo is lower; this provides a possible solution for Tullock's "rent seeking paradox" in lobbying …