This analysis investigates a political corruption model that builds on previous literature on corruption in hierarchies …. Our study enriches the literature on political corruption emphasizing the contrasting role of the minorities having a … involved into the illicit activity and, eventually, spread the corruption disease. …

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 …

Firms often try to influence individuals that, like regulators, are tasked with advising or deciding on behalf of a … third party. In a dynamic regulatory setting, we show that a firm may prefer to capture regulators through the promise of a … because the revolving door publicly signals the firm's eagerness and commitment to rewarding lenient regulators, which …

Firms have incentives to influence regulators' decisions. In a dynamic setting, we show that a firm may prefer to … capture regulators through the promise of a lucrative future job opportunity (i.e., the revolving-door channel) than through a … reward friendly regulators, which facilitates collusive equilibria. Moreover, the revolvingdoor channel need not require an …

This paper empirically investigates market behavior and firms' lobbying in a unified structural setup. In a sequential … game, where firms lobby for regulation before they compete in the product market, we derive a testable measure of lobbying … coordination. Applying the setting to the early U.S. cellular services industry, we find that lobbying expenditures, as measured by …

This paper examines lobbying and corruption as alternative ways of dealing with regulatory obstacles. I propose a model … that firms who join lobby groups do not stop paying bribes to bureaucrats, and firms more impacted by corruption are no … of a firm bribing legislators and other rule makers, suggesting that lobbying introduces the possibility of state capture …