The impact of money on politics—whether through campaign finance, lobbying, or
independent expenditure—raises key normative questions about democratic representation …

This article reviews both the theoretical and empirical literatures on regulatory capture. The
scope is broad, but utility regulation is emphasized. I begin by describing the Stigler …

While China has enjoyed rapid economic growth, its environment is deteriorating. One
critical solution is to shift from fossil fuels to renewable energy. Although carbon markets …

This book develops a framework for analyzing the creation and consolidation of democracy.
Different social groups prefer different political institutions because of the way they allocate …

We develop a model in which special-interest groups make political contributions in order to
influence an incumbent government's choice of trade policy. The interest groups bid for …

What determines the size and form of redistributive programs, the extent and type of public
goods provision, the burden of taxation across alternative tax bases, the size of government …

" Magnificent."—The Economist From the Nobel Prize–winning economist, a groundbreaking
and comprehensive account of corporate finance Recent decades have seen great …

This landmark theoretical book is about the mechanisms by which special interest groups
affect policy in modern democracies. Defining a special interest group as any organization …

Providing a comprehensive introduction to modern auction theory and its important new
applications, this book is written by a leading economic theorist whose suggestions guided …

Existing political economy models explain the politics of trade policy using inter-industry
differences. However, this article finds that much of the variation in US applied tariff rates in …