Helpman, Elhanan; Persson, Torsten - In: Advances in Economic Analysis & Policy 1 (2001) advances/1/1, pp. 1008-1008
We examine the effects of the interaction between lobbying and legislative bargaining on policy formation. Two systems are considered: a US-style congressional system and a European-style parliamentary system. First, we show that the policies generated are not intermediate between policies that...