2013
DOI: 10.3386/w19698
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Advancing the Empirical Research on Lobbying

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Cited by 31 publications
(13 citation statements)
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References 50 publications
(60 reference statements)
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“…In other words, satisfy the incentive compatibility condition—that is, from (A41) and (A42) it follows that V l * > V cd * > V c * > 0. This contrasts with a world of full information, where all private rents are captured by policymakers (Groll and Ellis ), and which is empirically consistent (Ansolabehere, de Figueiredo, and Snyder ; de Figueiredo and Richter ) . In summary we stress:PROPOSITION Repeated personal interactions between lobbyists and policymakers in the presence of asymmetric information, together with the resulting barriers to political entry, create private benefits for both citizens and lobbyists, and do not result in full private lobbying rent dissipation as is observed in the full information equilibrium .…”
Section: The Social Value Of Cronyismmentioning
confidence: 81%
See 3 more Smart Citations
“…In other words, satisfy the incentive compatibility condition—that is, from (A41) and (A42) it follows that V l * > V cd * > V c * > 0. This contrasts with a world of full information, where all private rents are captured by policymakers (Groll and Ellis ), and which is empirically consistent (Ansolabehere, de Figueiredo, and Snyder ; de Figueiredo and Richter ) . In summary we stress:PROPOSITION Repeated personal interactions between lobbyists and policymakers in the presence of asymmetric information, together with the resulting barriers to political entry, create private benefits for both citizens and lobbyists, and do not result in full private lobbying rent dissipation as is observed in the full information equilibrium .…”
Section: The Social Value Of Cronyismmentioning
confidence: 81%
“…The data in Table reveal several interesting features of the lobbying industry . The first observation is its size; this is a billion dollar industry with total revenues that exceed annual campaign contributions (De Figueiredo and Richter ). If we consider that this in part describes the revenues spent by the industry's clients so as to ascertain how to spend their other “influence dollars,” it may be hard to underestimate its importance.…”
Section: Introductionmentioning
confidence: 99%
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“…In the modern world, statistics are an essential weapon in the armoury of rhetoric, not least in the rhetoric of businesses and their related professional associations and advocacy organizations as they pursue the lobbying of governments and other organizations (Richardson & Coen, ; Waterhouse, de Figueiredo & Kelleher Richter, ). Lobbying activities usually come in one of three forms, being: (a) directed towards changing or eliminating some aspect of government policy activity which is perceived as unfavourable to business in general or to a specific industry or sector; or (b) focused on encouraging government to actively introduce and/or pursue policies that are favourable to business in general or a specific industry or sector; or (c) advocating the status quo for policies that governments may be inclined to change.…”
Section: Introductionmentioning
confidence: 99%