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Taking a political economy perspective this paper proposes an alternative carbon abatement policy instrument with significant advantages over existing policy instruments. The key feature of the proposed carbon securities is that they entitle their owners to a fixed proportion of ex ante unknown...
Persistent link: https://www.econbiz.de/10013315931
. To identify the reasons for this insufficient implementation in the past decade the Public Choice theory is used. The …
Persistent link: https://www.econbiz.de/10013136587
Research in criminology has shown that the perceived risk of apprehension often differs substantially from the true level. To account for this insight, we extend the standard economic model of law enforcement (Becker, 1968) by considering two types of offenders, sophisticates and naïves. The...
Persistent link: https://www.econbiz.de/10012913196
When a principal’s monitoring information is private (non-verifiable), the agent should be concerned that the principal could misrepresent the information to reduce the agent’s wage or collect a monetary penalty. Restoring credibility may lead to an extreme waste of resources - the so-called...
Persistent link: https://www.econbiz.de/10014043494
create doubt about scientific information, we use a signaling model of interest-group lobbying in which the policymaker has … persuasion to imply that the NGO may be a radical extremist whose lobbying is not credible. The second involves the creation of a …
Persistent link: https://www.econbiz.de/10012977549
Using a model of repeated agency, we explain previously unexplained features of the real-world lobbying industry …. Lobbying is divided between direct representation by special interests to policymakers, and indirect representation where … analytical structure allows us to explain several trends in lobbying. For example, using the observation that in the U.S. over …
Persistent link: https://www.econbiz.de/10012994576
of education complementary to their production. Lobbying is endogenous. We show that, if lobbying is not costly, both … social planner. However, if lobbying is costly, only one sector finds it profitable to offer monetary contribution and direct … resources towards the type of education required by its production. Which sector will engage in lobbying depends on relative …
Persistent link: https://www.econbiz.de/10013125068
In this paper we model the commercial lobbying industry (such as the so-called K-Street lobbyists of Washington, D ….C.). In contrast to classical special interest groups commercial lobbying firms are not directly motivated by policy outcomes … level of commercial lobbying services is typically socially inefficient, and characterize the nature of the distortions …
Persistent link: https://www.econbiz.de/10013086414
dynamic model of commercial lobbying in which citizens may hire lobbyists to present policy proposals on their behalf to …
Persistent link: https://www.econbiz.de/10013086417
Interest groups are introduced in a spatial model of electoral competition between two political parties. We show that the presence of these interest groups increases the winning set, which is the set of policy platforms for the challenger that will defeat the incumbent. Therefore, interest...
Persistent link: https://www.econbiz.de/10013318642