Jung, Astrid; Duso, Tomaso - University of Vienna, Department of Economics - 2004
game, where firms lobby for regulation before they compete in the product market, we derive a destable measure of lobbying …This paper empirically investigates market behavior and firms´ lobbying in a unified structural setup. In a sequential … coordination. Applying the setting to the early U.S. cellular services industry, we find that lobbying expenditures, as measured by …