We study the optimal regulation of a monopolist when intrinsic efficiency (intrinsic cost) and empire building tendency …

We use a new dataset of de jure measures of trade, capital account, product market, and domestic financial regulation … for 91 countries from 1973 to 2005 to test Rajan and Zingales's (2003) interest group theory of financial development. In … line with the theory, we find strong evidence that trade liberalization is a leading indicator of domestic financial …

We study a model in which corporate social responsibility (CSR) arises in response to inefficient regulation. In our … regulation, which is set endogenously and may not be socially optimal. Companies can hire socially responsible employees who …

We study a model in which corporate social responsibility (CSR) arises as a response to inefficient regulation. In our … attenuated through government regulation, which is set endogenously and may or may not be socially optimal. Governments may … choose suboptimal levels of regulation if they face lobbying pressure from companies. Companies can, in turn, hire socially …