Endogenous Public Policy and Contests

Gil S. Epstein

ISBN 10: 3540722424 / ISBN 13: 9783540722427

Published by Springer, Berlin, Springer, 2007

About this Item

Druck auf Anfrage Neuware - Printed after ordering - 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 thegovernment 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 the relationship between these parameters and public policy, the contest winning probabilities of the interest groups and their efforts. Comprehensive illustrations of the usefulness of the proposed approach are provided in five specific cases: the determination of monopoly price, privatization policy, migration quotas, minimum wage and promotion in tournaments.

Seller Inventory # 9783540722427

Bibliographic Details

• Title: Endogenous Public Policy and Contests
• Publisher: Springer, Berlin, Springer
• Publication Date: 2007
• Language: English
• ISBN 10: 3540722424
• ISBN 13: 9783540722427
• Binding: Buch
• Condition: Neu
• Dimensions: 235W x 155H x 16D millimeters 235 millimeters width by 155 millimeters height by 16 millimeters depth
• Weight: 472 grams

About this title

Synopsis

This book focuses on the role of interest groups and their lobbying efforts in public policy. It applies strategic contest theory as the basic methodology and clarifies the fundamental parameters that determine the behavior of the government and the interest groups. It illustrates the proposed approach in five specific cases: determination of monopoly price, privatization policy, migration quotas, minimum wage and promotion in tournaments.

From the Back Cover

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 the relationship between these parameters and public policy, the contest winning probabilities of the interest groups and their efforts. Comprehensive illustrations of the usefulness of the proposed approach are provided in five specific cases: the determination of monopoly price, privatization policy, migration quotas, minimum wage and promotion in tournaments.