important role in this economy because competition drives firms to invest more in innovation resulting in higher growth. Rent …

informative signal from the sender. Whether 'burying one's head in the sand' increases or decreases welfare depends on the degree …

informative signal from the sender. Whether `burying one's head in the sand' increases or decreases welfare depends on the degree …

Using a model of repeated agency, we explain previously unexplained features of the real-world lobbying industry …. Lobbying is divided between direct representation by special interests to policymakers, and indirect representation where … analytical structure allows us to explain several trends in lobbying. For example, using the observation that in the U.S. over …

competition and aggregate innovation. We consider a two-stage game with a deterministic Research and Development (R&D) process … outputs simultaneously. We show that the inverted-U relationship between competition and aggregate innovation occurs if … competition is affected by the number of technology followers. However, the presence of more technology leaders decreases …

This paper analyses the link between lobbying, market structure, growth, and welfare. We consider a setup where … varieties – lobbying may stimulate growth and increase welfare by means of an expansion in aggregate demand if its real costs …

competition and aggregate innovation. We consider a two-stage game with a deterministic Research and Development (R&D) process … outputs simultaneously. We show that the inverted-U relationship between competition and aggregate innovation occurs if … competition is affected by the number of technology followers. However, the presence of more technology leaders decreases …