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De Figueiredo Edwards (2007) - Does Private Money Buy Public Policy (view source)
Revision as of 19:14, 29 September 2020
, 19:14, 29 September 2020no edit summary
{{Article
|Has page=De Figueiredo Edwards (2007) - Does Private Money Buy Public Policy
|Has bibtex key=
|Has article title=Does Private Money Buy Public Policy
|Has author=De Figueiredo Edwards
|Has year=2007
|In journal=
|In volume=
|In number=
|Has pages=
|Has publisher=
}}
*This page is referenced in [[BPP Field Exam Papers]]
==Reference(s)==
de Figueiredo, R. J. P. Jr. and G. Edwards (2007), Does Private Money Buy Public Policy? Campaign Contributions and Regulatory Outcomes in Telecommunications, Journal of Economics and Management Strategy 16, 547-576 [http://www.edegan.com/pdfs/deFigueiredo%20Edwards%20(2007)%20-%20Does%20Private%20Money%20Buy%20Public%20Policy.pdf pdf]
[https://sites.google.com/site/examsupplement/dE09279A.pdf?attredirects=0 SLIDES] from Rui's presentation in class
The paper examines UNE (Unbundled Network Element) local loop prices. The prices are regulated but the loops are owned by incumbents (monopolies). Regulators are implicitly directed by legislators, and incumbents and entrants provide campaign contributions to legislators. Incumbents and entrants have different ideal points in terms of prices, and they are modelled (implicitly) as playing a two-principal/single-agent game as in [[Baron 2001 - Theories of Strategic Nonmarket Participation | Baron (2001)]].
==Empirical model==
