question, we analyze the extent of national environmental regulation when policy is determined in a lobbying game between a …Can multinational firms exert more power than national firms by influencing politics through lobbying? To answer this … government and firm. We compare the resulting equilibrium regulation levels, outputs and welfare for national and multinational …

One explanation for the poor performance of regulation in the recent financial crisis is that regulators had been … due to their high degree of sophistication. Banks can search for arguments of differing complexity against regulation … levels of regulation. Bank sophistication leads to capture, and thus to worse regulatory decisions. …