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This paper introduces the subject of private politics, presents a research agenda, and provides an example involving activists and a firm. Private politics addresses situations of conflict and their resolution without reliance on the law or government. It encompasses the political competition...
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This article characterizes the optimal procurement contract for a monopsonistic purchaser who contracts with a risk-averse supplier with private information about his costs and who contributes an unobservable effort. The costs incurred by the supplier may be uncertain, and the purchaser has...
Persistent link: https://www.econbiz.de/10005732315
This paper presents a theory of parliamentary systems with a proportional representation electoral system, a formateur selected based on party representation in parliament, and parties that cannot commit to the policies they will implement once in government. Government formation involves...
Persistent link: https://www.econbiz.de/10005737740
Interest groups seek to influence economic activity through public and private politics. Public politics takes place in the arena of public institutions, whereas private politics takes place outside public institutions often in the arena of public sentiment. Private politics refers to action by...
Persistent link: https://www.econbiz.de/10005679261
"This paper provides a theory of firm behavior motivated by moral duty, self-interest, and social pressure. A morally managed and a self-interested firm compete in a market in which their corporate social performance (CSP) provides product differentiation. Some citizens have altruistic or warm...
Persistent link: https://www.econbiz.de/10005679331
This paper examines the integration of market and nonmarket strategies in a setting involving market competition and international trade policy where governments serve as bargaining agents for firms. In the case modeled, the Eastman Kodak Company (Kodak) filed a Section 301 petition under US...
Persistent link: https://www.econbiz.de/10005679338
This paper presents theories of strategic nonmarket participation in majority-rule and executive institutions and develops from those theories a set of principles for nonmarket strategy. The theories are based on models of vote recruitment in client and interest-group politics and on models of...
Persistent link: https://www.econbiz.de/10005679339
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