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This paper explores the impact of antiquity on capitalism through the finance-growth nexus. We define antiquity as the …
Persistent link: https://www.econbiz.de/10012214952
this event, firms with little or no prior exposure to the federal accounts that experienced cuts reduced their lobbying … spending. In contrast, firms with a high degree of exposure to the cuts maintained and even increased their lobbying spending … likely intensified their lobbying efforts to distinguish themselves from the others and improve their chances of procuring a …
Persistent link: https://www.econbiz.de/10012103562
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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
In a remarkably simple and yet in one of the most original and insightful observations of 20th century economics, Gordon Tullock observed that there are efficiency losses when public policies and political behavior create contestable rents. Tullock also observed that social losses from...
Persistent link: https://www.econbiz.de/10011447512
.S. state-level lobbying expenditures, which reveals another puzzle regarding the constant relationship between aggregate …
Persistent link: https://www.econbiz.de/10011961962
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 working paper brings together a diverse group of scholars to discuss the historiography of capitalism, business … open the discussion with a historiographical survey of the ways capitalism and its actors – in particular entrepreneurs and …, present, and future of research in this area. Patricia Clavin discusses capitalism and governance through the dynamics of …
Persistent link: https://www.econbiz.de/10014081434
Government intervention often gives rise to contests and the government can influence their outcome by choosing their type. We consider a contest with two interest groups: one that is governed by a central planner and one that is not. Rent dissipation is compared under two well-known contest...
Persistent link: https://www.econbiz.de/10010209696