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Can multinational firms exert more power than national firms by influencing politics through lobbying? To answer this … question, we analyze the extent of national environmental regulation when policy is determined in a lobbying game between a … multinational; this changes for high transportation costs and intermediate damage parameters. When there is no lobbying, welfare …
Persistent link: https://www.econbiz.de/10010340558
One explanation for the poor performance of regulation in the recent financial crisis is that regulators had been captured by the financial sector. We present a micro-founded model with rational agents in which banks may capture regulators due to their high degree of sophistication. Banks can...
Persistent link: https://www.econbiz.de/10010338301
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 …
Persistent link: https://www.econbiz.de/10010342185
role of market structure and consumer information / Devon Garvie ; 10. The theory of quality regulation and self …
Persistent link: https://www.econbiz.de/10001391949
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. …
Persistent link: https://www.econbiz.de/10010343633
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Economic models of climate policy (or policies to combat other environmental problems) typically neglect psychological adaptation to changing life circumstances. People may adapt or become more sensitive, to different degrees, to a deteriorated environment. The present paper addresses these...
Persistent link: https://www.econbiz.de/10010481359