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Endogenous Public Policy and Contests

  • Book
  • © 2007

Overview

Authors:
  1. Gil S. Epstein

    1. Department of Economics, Bar-Ilan University, Ramat-Gan, Israel

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  2. Shmuel Nitzan

    1. Department of Economics, Bar-Ilan University, Ramat-Gan, Israel

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    You can also search for this author in PubMed   Google Scholar

  • Applies a single simple methodology, strategic contest theory, to capture the basic forces affecting the relationship between public policy and lobbying or influence activities

  • It presents five illustrations of the usefulness of the proposed extended contest approach

  • Includes supplementary material: sn.pub/extras

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Table of contents (16 chapters)

  1. Front Matter

    Pages 1-16
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  2. Introduction

    1. Introduction

      Pages 1-6

  3. The Basic Contest

    1. Front Matter

      Pages 7-7
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    2. The Policy Contest

      Pages 9-14

    3. Contest Rationalization − Microfoundations

      Pages 15-26

  4. The Extended Contest: With Government

    1. Front Matter

      Pages 27-27
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    2. Endogenous Public Policy

      Pages 29-45

    3. Culture, Politicization and Relative Rent Dissipation

      Pages 47-53

    4. Lobbying and Compromise

      Pages 55-65

  5. The Policy Effect

    1. Front Matter

      Pages 67-67
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    2. Effort and Performance

      Pages 69-84

    3. Prizes (Size and Distribution) and Efforts

      Pages 85-94

    4. Asymmetry and Corrective Public Policy

      Pages 95-102

  6. The Extended Contest: Without Government

    1. Front Matter

      Pages 103-103
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    2. The Social Cost of Rent Seeking when Consumer Opposition Influences Monopoly Behavior

      Pages 105-111

    3. Strategic Restraint

      Pages 113-120

  7. Applications

    1. Front Matter

      Pages 121-121
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    2. Monopoly-price Determination

      Pages 123-144

    3. Privatization

      Pages 145-156

    4. Migration Policy

      Pages 157-176
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Keywords

About this book

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.     

Authors and Affiliations

  • Department of Economics, Bar-Ilan University, Ramat-Gan, Israel

    Gil S. Epstein, Shmuel Nitzan

Bibliographic Information

  • Book Title: Endogenous Public Policy and Contests

  • Authors: Gil S. Epstein, Shmuel Nitzan

  • DOI: https://doi.org/10.1007/978-3-540-74818-2

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Business and Economics, Economics and Finance (R0)

  • Copyright Information: Springer-Verlag Berlin Heidelberg 2007

  • Hardcover ISBN: 978-3-540-72242-7Published: 03 September 2007

  • Softcover ISBN: 978-3-642-09139-1Published: 15 October 2010

  • eBook ISBN: 978-3-540-74818-2Published: 05 September 2007

  • Edition Number: 1

  • Number of Pages: XVI, 221

  • Topics: Public Economics

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