Political Power and Market Power
58 Pages Posted: 27 May 2022
There are 3 versions of this paper
Political Power and Market Power
CEPR Discussion Paper No. DP17178
Number of pages: 75
Posted: 16 Mar 2023
Last Revised: 16 Dec 2024
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1,204
Political Power and Market Power
NBER Working Paper No. w33255
Number of pages: 76
Posted: 26 Dec 2024
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11
Date Written: April 2022
Abstract
We study the link between political influence and industrial concentration. A model of firm lobbying shows that concentration and regulation may be either strategic complements or substitutes. Using data for the past 20 years in the US, we study whether merging firms' influence activity increases or decreases after a merger. We document an increase in lobbying activity and we find some evidence for an increase in campaign contributions.
Suggested Citation: Suggested Citation
Cowgill, Bo and Prat, Andrea and Valletti, Tommaso M., Political Power and Market Power (April 2022). CEPR Discussion Paper No. DP17178, Available at SSRN: https://ssrn.com/abstract=4121353
Bo Cowgill (Contact Author)
Columbia University - Columbia Business School ( email )
3022 Broadway
New York, NY 10027
United States
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