Please use this identifier to cite or link to this item:
|Title:||Ideological uncertainty and lobbying competition|
|Source:||Martimort, D., Semenov, A. (2008-04). Ideological uncertainty and lobbying competition. Journal of Public Economics 92 (3-4) : 456-481. ScholarBank@NUS Repository. https://doi.org/10.1016/j.jpubeco.2007.10.004|
|Abstract:||Polarized interest groups compete to influence a decision-maker through monetary contributions. The decision-maker chooses a one-dimensional policy and has private information about his ideal point. Competition between interest groups under asymmetric information yields a rich pattern of equilibrium strategies and payoffs. Policies are systematically biased towards the decision-maker's ideal point and it may sometimes lead to a "laissez-faire" equilibrium where the decision-maker is freed from any influence. Either the most extreme decision-makers or the most moderate ones may get information rent depending on their ideological bias. The market for influence may exhibit segmentation with interest groups keeping an unchallenged influence on ideologically close-by decision-makers. Interest groups refrain from contributing when there is too much uncertainty on the decision-maker's ideology and when the latter is ideologically too far away. © 2007 Elsevier B.V. All rights reserved.|
|Source Title:||Journal of Public Economics|
|Appears in Collections:||Staff Publications|
Show full item record
Files in This Item:
There are no files associated with this item.
checked on Jan 17, 2018
WEB OF SCIENCETM
checked on Dec 13, 2017
checked on Jan 14, 2018
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.