prominent role in shaping public policy by lobbying. In this paper, I present a theoretical framework that accounts for these … when receiving subsidies and lobbying is costly. Due to firm heterogeneity, a within-industry conflict between receiving … and non-receiving firms arises. This conflict creates lobbying incentives for large firms and delivers novel results …

We consider the application of self-financing tax/subsidy mechanisms in environmental regulation and explore the … turns out that the tax/subsidy mechanism with the announcement of the subsidy rate and the tax/subsidy mechanism with the … environmentally friendly technologies. The announcement of the subsidy rate is preferable for solving hold-up problems. …