Entry and Asymmetric Lobbying: Why Governments Pick Losers
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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, policy is influenced by pressure groups that incur lobbying expenses to create
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美国国家经济研究局创建时间：
2002-01-01
