Theo Serlin (KCL, presenter) and Hye Young You (Princeton), “Protection by Covariance”
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 […]