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A firm may induce voters or elected politicians to support a policy it favors by suggesting that it is more likely to invest in a district whose voters or representatives support the policy. In equilibrium, no one vote may be decisive, and the policy may gain strong support though the majority...
Persistent link: https://www.econbiz.de/10010325896
This paper shows why a majority of legislators may vote for a policy that benefits a firm but harms all legislators. The firm may induce legislators to support the policy by suggesting that it is more likely to invest in a district whose voters or representative support the policy. In...
Persistent link: https://www.econbiz.de/10010281930
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relevant information, we also assume that lobbies engage in non-negligible informational lobbying. We focus on a single … political decision to be taken and offer a simple model in which the optimal influence strategy is a mixture of both lobbying … lobbying so that less policy relevant information is available and as a result political decisions become less efficient …
Persistent link: https://www.econbiz.de/10003780356
decision-maker and to exert political pressure on her. We show that both lobbying instruments are interdependent. In our view … constraints governing informational lobbying determine a specific lottery available. The circumstances under which political … risk. The combination of lotteries available and induced risk preference determines the optimal lobbying behavior. Our …
Persistent link: https://www.econbiz.de/10003780387
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small spending by special interests. -- lobbying ; voting ; special interests ; credibility …
Persistent link: https://www.econbiz.de/10009532679
A firm may induce voters or elected politicians to support a policy it favors by suggesting that it is more likely to invest in a district whose voters or representatives support the policy. In equilibrium, no one vote may be decisive, and the policy may gain strong support though the majority...
Persistent link: https://www.econbiz.de/10011378822