Endogenous Public Policy and Contests

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ISBN: 3540722424
ISBN 13: 9783540722427
Autor: Epstein, Gil S/Nitzan, Shmuel
Verlag: Springer Verlag GmbH
Umfang: xvi, 221 S.
Erscheinungsdatum: 03.09.2007
Auflage: 1/2007
Produktform: Gebunden/Hardback
Einband: GEB

This book studies endogenous policy determination focusing on the role of interest groups and their lobbying efforts in the determination of public policy. Applying strategic contest theory as the basic methodology, it clarifies the fundamental parameters that determine the behavior of the government and the interest groups – the two contestants for the „prizes“ associated with public policy. The fundamental parameters are the objective of the government, political culture, the contest success function, the stakes of the interest groups and their characteristics. The analysis focuses on the relationship between these parameters and public policy, the contest winning probabilities of the interest groups and their efforts. Comprehensive illustrations of the usefulness of the proposed approach are provided in five specific cases: the determination of monopoly price, privatization policy, migration quotas, minimum wage and promotion in tournaments.

Artikelnummer: 1679670 Kategorie:

Beschreibung

This book focuses on the role of interest groups and their lobbying efforts in public policy. It applies strategic contest theory as the basic methodology and clarifies the fundamental parameters that determine the behavior of the government and the interest groups. It illustrates the proposed approach in five specific cases: determination of monopoly price, privatization policy, migration quotas, minimum wage and promotion in tournaments.

Inhaltsverzeichnis

InhaltsangabeThe Basic Contest.- The Policy Contest.- Contest Rationalization ? Microfoundations.- The Extended Contest: With Government.- Endogenous Public Policy.- Culture, Politicization and Relative Rent Dissipation.- Lobbying and Compromise.- The Policy Effect.- Effort and Performance.- Prizes (Size and Distribution) and Efforts.- Asymmetry and Corrective Public Policy.- The Extended Contest: Without Government.- The Social Cost of Rent Seeking when Consumer Opposition Influences Monopoly Behavior.- Strategic Restraint.- Applications.- Monopoly-price Determination.- Privatization.- Migration Policy.- Minimum Wage.- Tournaments.

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