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In this paper we investigate the role of judicial control of lobbying activities in an endogenous policy framework …, focusing on two dimensions of quality of the judiciary, namely efficiency and integrity. We present a multi-layer lobbying … different institutional arrangements as to judicial independence. -- Illegal lobbying ; Endogenous policy making ; Judicial …
Persistent link: https://www.econbiz.de/10003971532
power of landowner relationship networks and lobbying behaviour on successfully gaining value-enhancing rezoning. A State …
Persistent link: https://www.econbiz.de/10010516454
largely determined by lobbying, we find strong effects of electoral incentives. …
Persistent link: https://www.econbiz.de/10010439364
Do politics matter for macroprudential policy? I show that changes to macroprudential regulation exhibit a predictable electoral cycle in the run-up to 221 elections across 58 countries from 2000 through 2014. Policies restricting mortgages and consumer credit are systematically less likely to...
Persistent link: https://www.econbiz.de/10012135983
The biggest and most well-known unsolved problem in academic finance is famously referred to as the Equity Premium Puzzle. It refers to the unexplained phenomenon that for over 100 years the average return on a well-diversified portfolio of equities has far outperformed that of risk-free,...
Persistent link: https://www.econbiz.de/10012838903
Do politics matter for macroprudential policies? I show that changes in macroprudential regulation exhibit a predictable electoral cycle in the run-up to 221 elections across 58 countries from 2000 through 2014. Policies restricting mortgages and consumer credit are systematically looser before...
Persistent link: https://www.econbiz.de/10012852520
Do politics matter for macroprudential policy? I show that changes to macroprudential regulation exhibit a predictable electoral cycle in the run-up to 221 elections across 58 countries from 2000 through 2014. Policies restricting mortgages and consumer credit are systematically less likely to...
Persistent link: https://www.econbiz.de/10013315065
We study lobbying in a setting in which decision-makers share resources in a network. Two opposing interest groups …-makers' ideologies as well as the network structure. We characterize the lobbying strategies in various network settings and show that a … findings are consistent with empirically established lobbying activities. …
Persistent link: https://www.econbiz.de/10011576305
This paper investigates whether political connections affect individuals' propensity to engage in illegal activities in financial markets. We use the 2007 French presidential election as marker of change in the value of political connections, in a difference-in-differences research design. We...
Persistent link: https://www.econbiz.de/10012935450
We analyze the determinants of environmental policy when two firms engage in two types of lobbying against a … restriction on allowed pollution: General lobbying increases the total amount of allowed pollution, which is beneficial for both … firms. Private lobbying increases the individual pollution standard of the lobbying firm, but has a negative or zero effect …
Persistent link: https://www.econbiz.de/10001729421