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We examine the consequences of lobbying and vote buying, assuming this practice were allowed and free of stigma. Two .lobbyists. compete for the votes of legislators by oÞering up-front payments to the legislators in exchange for their votes. We analyze how the lobbyists.budget constraints and...
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compete in a binary election and may purchase votes in a sequential bidding game via up-front binding payments and/or campaign … promises (platforms) that are contingent upon the outcome of the elec-tion. We analyze the role of the parties.and voters …
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