IDEAS home Printed from https://ideas.repec.org/p/ags/umaemp/280361.html
   My bibliography  Save this paper

A Primer On Political Economy In Static General Equilibrium

Author

Listed:
  • Roe, Terry

Abstract

This paper highlights, illustrates and pulls together in a single model notions of political economy that are common to the static -general equilibrium literature. Political authority acts as though it forms preferences over the welfare of private agents from which policy functions are obtained that give the rule for the level to set a pre­determined policy instrument. However, the preference weights of the authority can be influenced by the lobbying behavior of private agents. A Nash game can determine the level of the preference weights, which in turn leads to a solution to instrument levels and, instantaneously, a market equilibrium for the economy. A distorted economy can thus exist indefinitely. How "outside" policy actions might alter the political equilibrium conclude the paper.

Suggested Citation

  • Roe, Terry, 2006. "A Primer On Political Economy In Static General Equilibrium," Miscellaneous Publications 280361, University of Minnesota, Department of Applied Economics.
    • Handle: RePEc:ags:umaemp:280361
    DOI: 10.22004/ag.econ.280361
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/280361/files/RoePoliticalEconomy2006.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.280361?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Thilo Glebe & Klaus Salhofer, 2007. "EU agri‐environmental programs and the “restaurant table effect”," Agricultural Economics, International Association of Agricultural Economists, vol. 37(2‐3), pages 211-218, September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:umaemp:280361. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/daumnus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.