Showing 1 - 10 of 10,430
This paper deals with double lobbying: several bureaucrats participate in joint lobbying to get a high total … departmental budget, but they also engage in antagonistic lobbying to reap as high a share of the total budget as possible. The … antagonistic lobbying constitutes a contest among the bureaucrats. This paper characterizes the Nash equilibria in lobbying and …
Persistent link: https://www.econbiz.de/10011514012
I study how political competition affects the feasibility of free trade agreements (FTAs). I show that the possibility of political turnover creates strategic motivations for the formation of FTAs. Specifically, a government facing a high enough probability of losing power will have an incentive...
Persistent link: https://www.econbiz.de/10015077834
In this paper, we explore how competition among stock exchanges, operated as self-regulatory organizations (SROs), affects the design of their members' surveillance. We develop a model where two for-profit SROs compete for trading volume, while brokers execute transactions on behalf of the...
Persistent link: https://www.econbiz.de/10013086309
This article analyses the dynamics of electoral promises, building on an electoral competition model with endogenous policies. It extends the Grossman-Helpman (1994) model [Grossman G., Helpman E. [1994], "Protection for sale", American Economic Review, 84, 4, 833-850] to include sanctions from...
Persistent link: https://www.econbiz.de/10003806719
lobbying Nash equilibrium. We show how the resultant subsidy depends on the political influence of all three lobbying groups … lobbying, …
Persistent link: https://www.econbiz.de/10009489812
I show that lobbying generates negative externalities, which affect non-lobbying companies. When a piece of new … legislation passes in Congress, non-lobbying companies in aggregate lose $1.9bn in market value. I obtain this result using a … novel dataset combining comprehensive information on corporate lobbying activity with congressional activity on bills. To …
Persistent link: https://www.econbiz.de/10012896997
Contests are situations in which a set of agents compete for a valuable object, rent or award. The present paper analyzes difference-form group contests, that is, contests fought among groups and where their probability of victory depends on the difference of their effective efforts. First, we...
Persistent link: https://www.econbiz.de/10013056899
I analyse a group contest in which groups decide over two dimensions of membership-exclusivity: whether a member is allowed to join the group at all, and whether this member is allowed to join another group as well. If the prize is mostly private, group leaders do not offer membership in...
Persistent link: https://www.econbiz.de/10013323852
This paper proposes a model of voting competitions (political campaigns and strategic lobbying) where voters are … of campaign contributions. -- Network games ; strategic spending ; Colonel Blotto games ; counteractive lobbying …
Persistent link: https://www.econbiz.de/10008771325
Administrative enforcement of China's Anti-Monopoly Law is shared among three ministries, and a pan-ministry commission sits above these ministries to coordinate competition policy. This two-tiered tripartite enforcement structure has been criticized as inefficient, costly, and ineffective. In...
Persistent link: https://www.econbiz.de/10013011628