Abstract: Trade policy is the prototypical case of lobbying influence. Despite evidence to the contrary, most analyses of lobbying on trade assume a quid pro quo model of influence. We examine the implications of the legislative subsidy theory of lobbying for trade policy. We develop a model in which lobbying increases the weight legislators receive […]

How does depopulation risk shape individuals’ support for open immigration policies? Depopulation poses growing challenges in developed economies, including declining tax revenue, and skills shortages. While immigration is often proposed as a major solution, it remains unclear whether those most affected are receptive to it. On one hand, depopulation may boost support for immigration by […]

Abstract: States routinely help firms manage risk by providing two core forms of support: information that reduces uncertainty about markets, partners, and political conditions, and financing that insures against commercial and political loss. We argue that firms treat these tools as a unified portfolio and reallocate between them when one becomes temporarily unavailable. We examine […]