Showing 1 - 5 of 5
sectors. We explain this with a lobbying model that allows for entry and sunk costs. Specifically, policy is influenced by … pressure groups that incur lobbying expenses to create rents. In expanding industries, entry tends to erode such rents, but in …
Persistent link: https://www.econbiz.de/10010884692
This paper studies the impact of the competition between lobbies and voters on policy outcomes under alternative legislative procedures. Lobbies and citizens have opposing interests in a public policy and offer money and votes, respectively, to legislators to obtain their preferred policy....
Persistent link: https://www.econbiz.de/10010928625
Washington's 'revolving door' - the movement from government service into the lobbying industry - is regarded as a …
Persistent link: https://www.econbiz.de/10010745205
Persistent link: https://www.econbiz.de/10010745236
interpreted as the reduced form of various political economy models of voting and lobbying. We consider three special cases: a …
Persistent link: https://www.econbiz.de/10010745559