Reform for Sale: A Common Agency Model with Moral Hazard Frictions

ISBN-13: 9781009285582 / Angielski / Miękka / 2023 / 75 str.

David (Toulouse School of Economics) Martimort

Opis

This Element analyzes how frictions in lobbying impact policy-making, challenging the pluralistic view of government from political science.

Spis treści

1. Introduction; 2. Literature review; 3. The model; 4. Unrestricted contracting; 5. Non-negative payments: preliminaries; 6. Non-negative payments and delegated agency: congruent interests; 7. Non-negative payments and delegated agency: conflicting interests; 8. Coalitional behavior; 9. Conclusion; Appendix A: proofs of main results; Appendix B: risk aversion; References.