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 …

policy in a lobbying model taking into account the con.ict of interest between entrepreneurs and incumbents. It is shown that …

policy in a lobbying model taking into account the conflict of interest between entrepreneurs and incumbents. It is shown …-seeking governments. -- Entrepreneurship ; Regulation ; Innovation ; Market Integration ; Lobbying …

that centralized regulation is preferable. Under asymmetric information about the firms' costs, lobbying induces a unique … between the goods is high enough, the firms' lobbying activity may be so strong that decentralizing the regulatory structure … may be social welfare enhancing. -- regulation ; Lobbying ; asymmetric information ; energy markets. …