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Interest Groups, Electoral Competition, And Probabilistic Voting For Trade Policies

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  • WOLFGANG MAYER
  • JUN LI

Abstract

Current models of trade policy formation in representative democracies lack the micro foundations from which the political actions of voters, interest groups, and policy makers can be deduced. This paper provides microfoundations for the most influential of representative democracy models, the Magee‐Brock‐Young (MBY) model. Probabilistic voting is formally introduced, the conditions for active lobbying are examined, uniqueness of lobbying equilibrium is established, and the responses of different groups' lobbying to exogenous changes are discussed. Finally, the existence of tariff equilibria is studied when, different from MBY, both parties share a common strategy space.

Suggested Citation

  • Wolfgang Mayer & Jun Li, 1994. "Interest Groups, Electoral Competition, And Probabilistic Voting For Trade Policies," Economics and Politics, Wiley Blackwell, vol. 6(1), pages 59-77, March.
  • Handle: RePEc:bla:ecopol:v:6:y:1994:i:1:p:59-77
    DOI: 10.1111/j.1468-0343.1994.tb00084.x
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    File URL: https://doi.org/10.1111/j.1468-0343.1994.tb00084.x
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    1. repec:cup:cbooks:9780521275156 is not listed on IDEAS
    2. Magee,Stephen P. & Brock,William A. & Young,Leslie, 1989. "Black Hole Tariffs and Endogenous Policy Theory," Cambridge Books, Cambridge University Press, number 9780521377003, December.
    3. Michael Munger, 2007. "Book Review," Public Choice, Springer, vol. 132(1), pages 251-254, July.
    4. Raymond Riezman & John Douglas Wilson, 2013. "Political Reform and Trade Policy," World Scientific Book Chapters, in: Raymond Riezman (ed.), International Trade Agreements and Political Economy, chapter 13, pages 201-224, World Scientific Publishing Co. Pte. Ltd..
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    Cited by:

    1. Potters, Jan & Sloof, Randolph & van Winden, Frans, 1997. "Campaign expenditures, contributions and direct endorsements: The strategic use of information and money to influence voter behavior," European Journal of Political Economy, Elsevier, vol. 13(1), pages 1-31, February.
    2. Giacomo A. M. Ponzetto, 2008. "Heterogeneous information and trade policy," Economics Working Papers 1296, Department of Economics and Business, Universitat Pompeu Fabra, revised Dec 2011.
    3. Helpman, Elhanan, 1995. "Politics and Trade Policy," Foerder Institute for Economic Research Working Papers 275606, Tel-Aviv University > Foerder Institute for Economic Research.
    4. Hefeker, Carsten & Wunner, Norbert, 2002. "The producer interest in foreign labor standards," European Journal of Political Economy, Elsevier, vol. 18(3), pages 429-447, September.
    5. Razin, Assaf & Sadka, Efraim & Schwemmer, Alexander, 2019. "Welfare State vs. Market Forces in a Globalization Era," CEPR Discussion Papers 13937, C.E.P.R. Discussion Papers.
    6. Rodrik, Dani, 1994. "What does the Political Economy Literature on Trade Policy (Not) Tell Us That We Ought to Know?," CEPR Discussion Papers 1039, C.E.P.R. Discussion Papers.
    7. Raymond Riezman & John Douglas Wilson, 2013. "Political Reform and Trade Policy," World Scientific Book Chapters, in: Raymond Riezman (ed.), International Trade Agreements and Political Economy, chapter 13, pages 201-224, World Scientific Publishing Co. Pte. Ltd..
    8. Epstein, Gil S., 2000. "Personal productivity and the likelihood of electoral success of political candidates," European Journal of Political Economy, Elsevier, vol. 16(1), pages 95-111, March.
    9. Miaojie Yu, 2005. "Electoral Competiton and Optimal Tariffs," International Trade 0509002, University Library of Munich, Germany.
    10. Andréa M. Maechler, 2000. "The Politics of Trade Liberalization in the Presence of FDI Incentives," Working Papers 00.09, Swiss National Bank, Study Center Gerzensee.

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