Inefficient equilibria in lobbying
نویسندگان
چکیده
منابع مشابه
Inefficient equilibria in lobbying
Lobbying is often represented as a common agency game. Common agency games typically have multiple equilibria. One class of equilibria, called truthful, has been identified by Bernheim and Whinston [Quarterly Journal of Economics 1986;101(1):1–31]. In this paper, we identify another class of equilibria, which we call natural, in which each principal offers a positive contribution on at most one...
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ژورنال
عنوان ژورنال: Journal of Public Economics
سال: 2001
ISSN: 0047-2727
DOI: 10.1016/s0047-2727(00)00134-1