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- W2359686941 abstract "We analyze a lobbying game in which an incumbent firm and a potential entrant influence policymakers who decide between “granting entry” and “prohibiting entry.” We prove that under all occasions, the policymakers (the common agent) endogenously choose to bargain with only one, and not both firms. We show that the incumbent can successfully persuade the policymakers to prohibit a welfare-enhancing entry when the latter sufficiently value corporate contributions. We also demonstrate the necessity of considering an asymmetric, rather than a symmetric, Nash bargaining solution between the policymakers and one of the firms in the bargaining stage." @default.
- W2359686941 created "2016-06-24" @default.
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- W2359686941 date "2015-01-01" @default.
- W2359686941 modified "2023-09-24" @default.
- W2359686941 title "Lobbying on Entry Regulations under Imperfect Competition" @default.
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