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Washington's 'revolving door' - the movement from government service into the lobbying industry- is regarded as a major concern for policy-making. We study how ex-government staffers benefit from the personal connections...Read more...
Jordi Blanes i Vidal, Mirko Draca and Christian Fons-Rosen
Governments frequently intervene to support domestic industries, but a surprising amount of this support goes to ailing sectors. We explain this with a lobbying model that allows for entry and sunk costs. Specifically, p...Read more...
Richard E. Baldwin and Frédéric Robert-Nicoud