search query: @indexterm Economic behaviour / total: 184
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Author: | Damania, R. Fredriksson, P. |
Title: | On the formation of industry lobby groups |
Journal: | Journal of Economic Behavior and Organization
2000 : APR, VOL. 41:4, p. 315-335 |
Index terms: | ECONOMIC BEHAVIOUR ORGANIZATION INDUSTRIES |
Language: | eng |
Abstract: | This paper provides a step towards a more complete theory of lobbying, extending the menuauction model of Grossman and Helpman. A new explanation is proposed for why more concentrated industries more easily overcome the free-rider problem inherent in political collective auction. Instead of focusing on transactions costs as Olson, the authors show that more collusive industries with higher collusive profits have a greater incentive to form lobby groups and to contribute to industry lobbying. |
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