The policy contest -- Contest rationalization -- Endogenous public policy -- Culture, politicization, and relative rent dissipation -- Lobbying and compromise -- Effort and performance -- Prizes (size and distribution) and efforts -- Asymmetry and corrective public policy -- The social cost of rent seeking when consumer opposition influences monopoly behavior -- Strategic restraint -- Monopoly-price determination -- Privatization -- Migration policy -- Minimum wage -- Tournaments
Summary
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 th
Bibliography
Includes bibliographical references (pages 203-211)-and indexes
