-seeking governments. -- Entrepreneurship ; Regulation ; Innovation ; Market Integration ; Lobbying … policy in a lobbying model taking into account the conflict of interest between entrepreneurs and incumbents. It is shown … aggressive. Making use of the Doing Business database, we find, consistent with our theory, evidence that international openness …

policy in a lobbying model taking into account the conflict of interest between entrepreneurs and incumbents. It is shown … aggressive. Making use of the Doing Business database, we find, consistent with our theory, evidence that international openness …

We study the optimal design of regulation for innovative activities which can have negative social repercussions. We … authorization and strict authorization. We find that corruption plays a critical role in the choice of the authorization regime …. Corruption exacerbates the costs of using lenient authorization, under which production of socially harmful goods is always …

We study the optimal design of regulation for innovative activities which can have negative social repercussions. We … authorization and strict authorization. We find that corruption plays a critical role in the choice of the authorization regime …. Corruption exacerbates the costs of using lenient authorization, under which production of socially harmful goods is always …