| Autor: |
Stephen P. Magee, Hak Loh Lee, Hongshik Lee |
| Rok vydání: |
2017 |
| Předmět: |
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| Zdroj: |
Economic Modelling. 60:324-333 |
| ISSN: |
0264-9993 |
| DOI: |
10.1016/j.econmod.2016.10.006 |
| Popis: |
Even though there is a well-known empirical and theoretical link between lobby and the free-rider problem, the existing literature only attributes its findings to the free-rider rather than the measurement of its extent. We develop broader theoretical micro-foundations for measuring free-riding and investigate the determinants of tariff rates from the perspective of corporate lobbying and free-riding. Our estimation result shows that the degree of free-riding not only varies across industries but is particularly high in larger industries indicating the underutilization of lobbying. The tariff rates under monopoly are about 8 times higher than under perfect competition in most industries suggesting that stakeholders should maintain higher industry protection levels through lobbying. |
| Databáze: |
OpenAIRE |
| Externí odkaz: |
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Full Text from ScienceDirect