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• W3121887736 abstract "Abstract In this paper, we propose an alternative model for capture that is based not on reciprocity but on congruence of interests between the firm and the regulator. A regulator is charged by a political principal to provide an imperfect signal for the type of a regulated firm. Only the firm can observe its type, and the production of a signal is costly. The firm can provide a costless alternative signal of lower accuracy to the regulator. In a self‐enforcing equilibrium, the regulator transmits the firm‐produced signal and saves information‐gathering costs, and the firm enjoys higher information rents." @default.
• W3121887736 created "2021-02-01" @default.
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• W3121887736 date "2017-04-10" @default.
• W3121887736 modified "2023-10-16" @default.
• W3121887736 title "A Theory of Soft Capture" @default.
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• W3121887736 doi "https://doi.org/10.1111/sjoe.12171" @default.
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