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prizes has the perverse effect of increasing their aggregate lobbying efforts. …
Persistent link: https://www.econbiz.de/10011408720
components: expected social welfare and lobbying efforts. The welfare component has a positive or no effect on the utility while … the lobbying efforts have a positive, negative or no effect on the utility (ii) introducing the political culture of the …
Persistent link: https://www.econbiz.de/10011408927