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game, where firms lobby for regulation before they compete in the product market, we derive a testable measure of lobbying …
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shocks may trigger costly political action when the autocrat chooses to create rents through regulation that deteriorates the … the magnitude of the effect depends on the extent to which business regulation is market-distorting. Copyright Springer …
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That historical inequality can affect long run macroeconomic performance has been argued by a large literature on endogenous inequality using models of indivisibilities in occupational choice, in the presence of borrowing constraints. These models are characterized by a continuum of steady...
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