components: expected social welfare and lobbying efforts. The welfare component has a positive or no effect on the utility while … the lobbying efforts have a positive, negative or no effect on the utility (ii) introducing the political culture of the …

components: expected social welfare and lobbying efforts. The welfare component has a positive or no effect on the utility while … the lobbying efforts have a positive, negative or no effect on the utility. (ii) Introducing the political culture of the …

This paper aims at analyzing the e ects of lobbying over economic growth and primarily welfare. We model explicitly the … equilibrium, despite stimulating growth, lobbying restricts the market structure and reduces welfare when compared to the free …-entry outcome. However, once general equilibrium considerations are taken into account, we find that lobbying may improve welfare …

extreme preferences are available, lobbying has no in fluence on equilibrium policy. I show that this result does not hold in … a model with ideological parties instead of citizen candidates. Even if forward-looking voters are aware that lobbying … of voters is better off with lobbying. …

prominent role in shaping public policy by lobbying. In this paper, I present a theoretical framework that accounts for these … when receiving subsidies and lobbying is costly. Due to firm heterogeneity, a within-industry conflict between receiving … and non-receiving firms arises. This conflict creates lobbying incentives for large firms and delivers novel results …