Showing 1 - 10 of 10,883
Persistent link: https://www.econbiz.de/10009663734
The paper differs from current literature by providing a systematic analysis of the relationship between sovereign debt, financial distress and political career concerns via a novel game-theoretic model, in order to analyze the strategic behavior of governments in revealing financial distress...
Persistent link: https://www.econbiz.de/10012803215
Persistent link: https://www.econbiz.de/10012180657
We challenge the prevailing view that pure informational lobbying (in the absence of political contributions and … evidence distortion or withholding) leads to better informed policymaking. In the absence of lobbying, the policymaker may … channels through which informational lobbying is detrimental, in the sense of leading to worse policy and possibly less …
Persistent link: https://www.econbiz.de/10011311754
Interest groups can potentially influence political decision-makers by offering contributions and by providing relevant information that sways the decision in the group's favor. What mix of these two instruments should an interest group choose, and how does the use of one instrument affect the...
Persistent link: https://www.econbiz.de/10012780178
This paper compares centralized and decentralized policymaking in a game theoretic model of informational lobbying and … preferred policy and then engages in monetary lobbying. The analysis highlights a new channel through which centralized …
Persistent link: https://www.econbiz.de/10012900758
Whom should an interest group lobby in a legislature? I develop a model of informational lobbying in which a … the analysis. First, the model rationalizes both friendly and confrontational lobbying, predicting circumstances in which … friendly lobbying prevails over confrontational lobbying. Second, the model establishes a relationship between information …
Persistent link: https://www.econbiz.de/10012823922
. The model reconciles informational theories of lobbying with empirical evidence suggesting that interest groups … group influence: from an ex ante perspective, informational lobbying negatively effects the welfare of legislators. The …
Persistent link: https://www.econbiz.de/10014147869
This paper attempts to add greater insight into the study of political influence. It analyzes contracts for lobbying by … transmission mechanism. The main contributions include a more realistic three party lobbying model, new constraints for lobbying …
Persistent link: https://www.econbiz.de/10014063863
We provide evidence that sophisticated investors like short sellers, option traders, and financial institutions are more informed when trading stocks of companies with more connected board members. For firms with large director networks, the annualized return difference between the highest and...
Persistent link: https://www.econbiz.de/10013006832