Peddling prosperity

Peddling Influence through Intermediaries

Peddling Influence through Intermediaries: Propaganda∗

Information may be transmitted directly from a sender to a receiver, or indirectly through intermediaries. How do intermediaries affect the reporting truthfulness of an informed sender? When does he prefer using intermediaries? In this model, an objective sender or intermediary passes on information truthfully, while a biased one wants to push a particular agenda but also has reputational conce...

Strategic analysis of influence peddling

This paper analyzes “In‡uence Peddling”with interaction between human capital transfer and collusion-building aspects in a model, in which each government o¢ cial regulates multiple …rms simultaneously. We show that (i) there exists an “optimal” division rule for collusion between a sequence of “quali…ed”regulators and a …rm; (ii) as the regulators increasingly bene…t from the collusion, they s...

Influence Peddling: Politics and the Bond Market

Peddling Influence through Well Informed Intermediaries∗

A sender with private information often tries to influence the decisionmaker through well-informed intermediaries such as experts or critics. Both the sender and the intermediary may be independently objective or biased: the objective type passes on the most accurate information, while the biased type wants to push a particular agenda but also to appear objective. Although using one’s own infor...