Reform for Sale A Common Agency Model with Moral Hazard Frictions |
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| Author:
| Lefebvre, Perrin
Martimort, David |
| Series title: | Elements in Law, Economics and Politics Ser. |
| ISBN: | 978-1-009-28560-5 |
| Publication Date: | Feb 2023 |
| Publisher: | Cambridge University Press
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| Book Format: | Digital (delivered electronically) |
| List Price: | USD $120.00 |
Book Description:
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This Element focuses on the efforts of interest groups who try to to influence a policy-maker who in turn exerts effort to increase the probability that a reform be implemented. It analyzes linking of the allocative efficiency and redistribution of the aggregate surplus, as both depend on the set of active principals as well as on the group size.
This Element focuses on the efforts of interest groups who try to to influence a policy-maker who in turn exerts effort to increase the probability that a reform be implemented. It analyzes linking of the allocative efficiency and redistribution of the aggregate surplus, as both depend on the set of active principals as well as on the group size.