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We examine the incentives of an interest group to provide a political decision-maker with policy-relevant information and to exert pressure on her. Both activities are costly but may induce the lobby's preferred policy. Our paper provides an integrated analysis of both lobbying activities and...
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Elias Khalil's "Information, Knowledge and the Close of Friedrich Hayek's System," argues that an internal … contradiction exists within Hayek's political economy relating to his use of information and knowledge. As a result, Khalil argues …
Persistent link: https://www.econbiz.de/10005641860