Wealth Constraints, Lobbying and the Efficiency of Public Allocation
AbstractIn Esteban and Ray (1999) we formalize a model in which individuals lobby before the government in order to benefit from some productivity enhancing government action (infrastructure, direct subsidies, permissions, in short). The government honestly tries to allocate these permissions to the agents that will make the best use of them, as revealed by the intensity of their lobbying. If the marginal cost of resources varies with wealth, the amount of information transmitted through lobbying will depend on the degree of inequality. In this paper, we summarize the main approach and examine the special case of equal wealth.
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Bibliographic InfoPaper provided by El Instituto de Estudios Economicos de Galicia Pedro Barrie de la Maza in its series Papers with number 42.
Length: 11 pages
Date of creation: 2000
Date of revision:
Contact details of provider:
Postal: El Instituto de Estudios Economicos de Galicia Pedro Barrie de la Maza. Canton Grande, 9. 15003 La Coruña, Spain
GAME THEORY ; ECONOMIC MODELS ; LOBBYING;
Other versions of this item:
- Esteban, Joan & Ray, Debraj, 2000. "Wealth constraints, lobbying and the efficiency of public allocation," European Economic Review, Elsevier, vol. 44(4-6), pages 694-705, May.
- O20 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - General
- H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
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