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In this article, we present a citizen-candidate model of representative democracy with endogenouslobbying.We find that lobbying induces policy compromise and always affects equilibrium policy outcomes. In particular, even though the policy preferences of lobbies are relatively extreme, lobbying...
Persistent link: https://www.econbiz.de/10005690501
In this paper, I present a structural approach to investigate empirically the relation between income distribution, police expenditures and crime. The approach is based on the estimation of an equilibrium model where heterogeneous individuals choose whether to engage in criminal activities and...
Persistent link: https://www.econbiz.de/10005690537
We incorporate campaign contributions in the citizen-candidate model of representative democracy with endogenous lobbying of Felli and Merlo (2006). In equilibrium, lobbies contribute to the electoral campaign of candidates whose policy preferences are aligned with their own. In the event that...
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