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Endogenous Public Policy and Contests

Endogenous Public Policy and Contests by Gil S. Epstein
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This book sets out to analyze the question of endogenous policy determ- ation, taking into account basic economic and political considerations that are relevant in a variety of institutional and political environments, in l- eral democracies as well as nondemocratic political environments. Focusing on the role of interest groups and their lobbying and rent-seeking e?orts in the determination of public policy, we apply strategic contest theory as our basicmethodologyandclarifythefundamentalparametersthatdeterminethe behaviorofthe government(the rulingpoliticianand/orthe bureaucrats/civil servants) and of the interest groups – the contestants for the prizes associated withpublic policy. Our analysisfocusesonthe relationshipbetweenthesef- damental parameters (the objective of the government, political culture, the contest success function, the stakes of the interest groups and their char- teristics – lobbying power, preferences) and public policy, the contest-winning probabilities of the interest groups and their e?orts – the resources they - pend. Weprovidecomprehensiveillustrationsoftheusefulnessoftheproposed approachin?vespeci?ccases:thedeterminationofmonopolyprice,privati- tion policy, migration quotas, minimum wage and promotion in tournaments. Thebookhastwoalternativefunctions. Itcanbeusedasatextforacourse onendogenouspublicpolicyforadvancedundergraduateorgraduatestudents. Itcanalsobeused(partlyorasawhole)aspartofanadvancedundergraduate or graduate course in public economics, political economy or public choice. The book consists of an introductory chapter and ?ve parts containing 15 chapters. The introduction provides a brief overview of the literature on public-policy determination,clari?esthe distinctive characteristicsofour p- posed approach and its advantages and disadvantages. PartA,The Basic Contest,introduces the basiccontestthat we apply and rationalizes its existence. This part has two chapters.
Springer Berlin Heidelberg; September 2007
232 pages; ISBN 9783540748182
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Title: Endogenous Public Policy and Contests
Author: Gil S. Epstein; Shmuel Nitzan
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