Political Economy

Working Paper

Political Determinants of Competition in the Mobile Telecommunication Industry

We study how political factors shape competition in the mobile telecommunication sector. We show that the way a government designs the rules of the game has an impact on concentration, competition, and prices. Pro-competition regulation reduces...Read more

Mara Faccio
Luigi Zingales
01 January 2017

Private Equity?s Unintended Dark Side: On the Economic Consequences of Excessive Delistings

Over the past two decades, private equity has contributed to a shrinking of the U.S. stock market. We develop a political economy model of private equity activity to study the wider economic consequences of this trend. We show that private and...Read more

Alexander Ljungqvist
01 January 2016

The Economics of Disclosure and Financial Reporting Regulation: Evidence and Suggestions for Future Research

This paper discusses the empirical literature on the economic consequences of disclosure and financial reporting regulation, drawing on U.S. and international evidence. Given the policy relevance of research on regulation, we highlight the...Read more

Christian Leuz
01 December 2015