Lobbying: Buying and utilizing access
This paper introduces an alternative to the lobbying literature's standard assumption that money buys policies. Our model - in which influence-seeking requires both money to buy access and managerial time to utilize access - offers three significant benefits. First, it counters criticism that the money-buys-policies assumption is at odds with reality. Second, its much stronger lobbying incentives weaken the free-rider problem and raise incentives for lobby formation. Third, the model yields testable hypotheses on: the determinants of lobbying incentives; the number of lobbying firms in an industry; and the impact on industry lobbying by the size distribution of firms, contribution limits on firms, world price changes, and the ability to adjust labor employment.
|Date of creation:||2012|
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- Potters, J.J.M. & Sloof, R., 1996.
"Interest groups : A survey of empirical models that try to assess their influence,"
Other publications TiSEM
ff27d5d8-f584-4386-a1fc-5, Tilburg University, School of Economics and Management.
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- Jean-Jacques Laffont, 1989. "The Economics of Uncertainty and Information," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262121360, December.
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