Until the 1990's, US markets were more competitive than European markets. Today,
European markets have lower concentration, lower excess profits, and lower regulatory …

We examine whether the stock market considers corporate lobbying to be value enhancing,
using an event that potentially limited the ability of firms to lobby but was exogenous to their …

Over the past twenty years, Europe has deregulated many industries, protected consumer
welfare, and created strongly independent regulators. These policies represent a stark …

Over the past 20 years, Europe has deregulated many industries, protected consumer
welfare, and created strongly independent regulators. These policies represent a stark …

Political influence of special interests is a rich phenomenon, challenging for both theory and
empirics. One of the key questions is whether the influence is through the provision of …

We study a positioning game prior to negotiations where each party invests into influential
activities in order to raise voter support for their preferred bargaining outcome. The case …

We examine a setting in which agents can form lobbying coalitions to influence a policy
maker. Policy uniformity causes agents to free ride on each other's lobbying and gives them …

Until the 1990's, US markets were more competitive than European markets. Today,
European markets have lower concentration, lower excess profits and lower regulatory …

Until the 1990's, US markets were more competitive than European markets. Today,
European markets have lower concentration, lower excess profits and lower regulatory …

Hillman and Hitt's (1999) theoretical framework is used to explore the underlying
mechanisms through which non-market strategies (NMS) affect firm performance and tax …