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This paper examines the effect of firms' lobbying activities on US federal grants. For an average firm in terms of … grant amount and lobbying expenditures, my model indicates that one additional dollar in lobbying to the granting agency … yields to a minimum increase in the federal grant of 3.54 dollars. In addition, firms lobbying the granting agency during the …
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"Getting the prices right" is a good starting point but is not sufficient for achieving environmentally efficient outcomes. Other policy interventions are often necessary to complement pricing policies. Moreover, when pricing is not at all feasible, regulatory and command-and-control policies...
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