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Reform for Sale: A Common Agency Model with Moral Hazard Frictions

Reform for Sale: A Common Agency Model with Moral Hazard Frictions

Authors
Publisher Cambridge University Press
Year 02/03/2023
Pages 75
Version paperback
Readership level General/trade
Language English
ISBN 9781009285582
Categories Pressure groups & lobbying
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Book description

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.

Reform for Sale: A Common Agency Model with Moral Hazard Frictions

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