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Under the Obama administration, the influence and involvement of trade unions in government policy decisions has surged to unprecedented levels. Some of the more egregious examples include the proposed Employee Free Choice Act, which abolishes the secret ballot among workers deciding on union...
Persistent link: https://www.econbiz.de/10013082870
This paper investigates the role that idiosyncratic uncertainty plays in shaping social preferences over the degree of labor market flexibility, in a general equilibrium model of dynamic labor demand where the productivity of firms evolves over time as a Geometric Brownian motion. A key result...
Persistent link: https://www.econbiz.de/10013325149
clarify how stake asymmetry, lobbying-skill asymmetry and return to lobbying effort determine the relative desirability, from …
Persistent link: https://www.econbiz.de/10011513996
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
become about issues before interest groups engage in monetary lobbying. For a range of issues, the policymaker prefers to … leads to intense lobbying competition and larger political contributions. We identify a novel benefit of campaign finance …
Persistent link: https://www.econbiz.de/10011295605
Contests are well-established mechanisms for political lobbying, innovation, rentseeking, incentivizing workers, and …
Persistent link: https://www.econbiz.de/10012426931
size and find a large negative council size effect. This pattern provides indirect evidence for the occurrence of lobbying …. The direction of the effect could be explained by free-riding incentives in individual lobbying effort contribution caused …
Persistent link: https://www.econbiz.de/10010321552
A firm may induce voters or elected politicians to support a policy it favors by suggesting that it is more likely to invest in a district whose voters or representatives support the policy. In equilibrium, no one vote may be decisive, and the policy may gain strong support though the majority...
Persistent link: https://www.econbiz.de/10010325896
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 …
Persistent link: https://www.econbiz.de/10010278063
The dissertation includes four studies broadly connected to the causes and consequences of the Global Financial Crisis of 2007-8 from a political economy perspective. Following the intro-duction, Chapter 2 analyzes the political roots of massive foreign reserves accumulation, which has...
Persistent link: https://www.econbiz.de/10011698361