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Persistent link: https://www.econbiz.de/10014458674
Two types of political conflicts of interest pervade many of the world's societies. A horizontal conflict of interest arises when different constituencies support different policies, while a vertical conflict of interest emerges when those in charge of running the government acquire and retain...
Persistent link: https://www.econbiz.de/10013002429
Two types of political conflicts of interest pervade many of the world's societies. A horizontal conflict of interest arises when different constituencies support different policies, while a vertical conflict of interest emerges when those in charge of running the government acquire and retain...
Persistent link: https://www.econbiz.de/10013001771
Persistent link: https://www.econbiz.de/10011736475
Two types of political conflicts of interest pervade many of the world's societies. A horizontal conflict of interest arises when different constituencies support different policies, while a vertical conflict of interest emerges when those in charge of running the government acquire and retain...
Persistent link: https://www.econbiz.de/10012456815
This paper analyzes the conflicts of interest arising from the "revolving door". The revolving door is a common phenomenon, and it is unlikely that most of it can be explained by "regulatory capture", a practice that is unlawful. Therefore, there is a need for a new framework. This paper...
Persistent link: https://www.econbiz.de/10011640569
We study how lobbying affects the resolution of failed banks. Using a sample of FDIC auctions between 2007 and 2016, we … find that bidding banks that lobby regulators have a higher probability of winning an auction. However, the FDIC incurs … larger costs in such auctions, amounting to 18.4 percent of the total resolution losses. We also show that lobbying winners …
Persistent link: https://www.econbiz.de/10012854210
We study how lobbying affects the resolution of failed banks, using a sample of FDIC auctions between 2007 and 2014. We … show that bidding banks that lobby regulators have a higher probability of winning an auction. In addition, the FDIC incurs … higher costs in such auctions, amounting to 16.4 percent of the total resolution losses. We also find that lobbying winners …
Persistent link: https://www.econbiz.de/10012929952
In many cultures and industries gifts are given in order to influence the recipient, often at the expense of a third party. Examples include business gifts of firms and lobbyists. In a series of experiments, we show that, even without incentive or in-formational effects, small gifts strongly...
Persistent link: https://www.econbiz.de/10009685876
In business and politics, gifts are often aimed at influencing the recipient at the expense of third parties. In an experimental study, which removes informational and incentive confounds, subjects strongly respond to small gifts even though they understand the gift giver’s intention. Our...
Persistent link: https://www.econbiz.de/10011590892