political power at the expenses of the median voter. In particular, investments in lobbying activities allow the rich to obtain … variable taxes and lobbying. In addition, it is established the existence of a transitional dynamics featuring convergence to a … balanced growth path, characterized by constant taxes and lobbying (and a constant growth rate of consumption and capital …

The paper deals with the issue of lobbying, defined as a democratic means of promoting interests. The text tries to … or should regulate. These situations are described by three hypothetical scenarios - a society without lobbying, a …