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Ideological uncertainty and lobbying competition

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Author Info
Martimort, David
Semenov, Aggey

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Abstract

Polarized interest groups compete to influence a decision-maker through monetary contributions. The decision-maker chooses a one-dimensional policy and has private information about his ideal point. Competition between interest groups under asymmetric information yields a rich pattern of equilibrium strategies and payoffs. Policies are systematically biased towards the decision-maker's ideal point and it may sometimes lead to a "laissez-faire" equilibrium where the decision-maker is freed from any influence. Either the most extreme decision-makers or the most moderate ones may get information rent depending on their ideological bias. The market for influence may exhibit segmentation with interest groups keeping an unchallenged influence on ideologically close-by decision-makers. Interest groups refrain from contributing when there is too much uncertainty on the decision-maker's ideology and when the latter is ideologically too far away.

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File URL: http://www.sciencedirect.com/science/article/B6V76-4R40SJF-2/1/3768d1a5b48a048b573a3c6ff3cee0cc
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Publisher Info
Article provided by Elsevier in its journal Journal of Public Economics.

Volume (Year): 92 (2008)
Issue (Month): 3-4 (April)
Pages: 456-481
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Handle: RePEc:eee:pubeco:v:92:y:2008:i:3-4:p:456-481

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Web page: http://www.elsevier.com/locate/inca/505578

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  5. Claudio Mezzetti, 1997. "Common Agency with Horizontally Differentiated Principals," RAND Journal of Economics, The RAND Corporation, vol. 28(2), pages 323-345, Summer. [Downloadable!] (restricted)
  6. Pinelopi Koujianou Goldberg & Giovanni Maggi, 1999. "Protection for Sale: An Empirical Investigation," American Economic Review, American Economic Association, vol. 89(5), pages 1135-1155, December. [Downloadable!] (restricted)
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  7. Elhanan Helpman & Torsten Persson, 2001. "Lobbying and Legislative Bargaining," Advances in Economic Analysis & Policy, Berkeley Electronic Press, vol. 1(advances/), pages 1008-1008. [Downloadable!] (restricted)
    Other versions:
  8. Martimort, David & Semenov, Aggey, 2007. "The pluralistic view of politics: Asymmetric lobbyists, ideological uncertainty and political entry," Economics Letters, Elsevier, vol. 97(2), pages 155-161, November. [Downloadable!] (restricted)
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  12. David Martimort & Lars Stole, 2002. "The Revelation and Delegation Principles in Common Agency Games," Econometrica, Econometric Society, vol. 70(4), pages 1659-1673, July. [Downloadable!] (restricted)
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  14. Lewis, Tracy R. & Sappington, David E. M., 1989. "Countervailing incentives in agency problems," Journal of Economic Theory, Elsevier, vol. 49(2), pages 294-313, December. [Downloadable!] (restricted)
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  19. Laussel, Didier & Le Breton, Michel, 2001. "Conflict and Cooperation: The Structure of Equilibrium Payoffs in Common Agency," Journal of Economic Theory, Elsevier, vol. 100(1), pages 93-128, September. [Downloadable!] (restricted)
  20. Gawande, Kishore, 1997. "US non-tariff barriers as privately provided public goods," Journal of Public Economics, Elsevier, vol. 64(1), pages 61-81, April. [Downloadable!] (restricted)
  21. Randall S. Kroszner & Thomas Stratmann, 1998. "Interest Group Competition and the Organization of Congress: Theory and Evidence from Financial Services' Political Action Committees," CRSP working papers 349, Center for Research in Security Prices, Graduate School of Business, University of Chicago.
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  22. Thomas Stratmann, 2005. "Some talk: Money in politics. A (partial) review of the literature," Public Choice, Springer, vol. 124(1), pages 135-156, July. [Downloadable!] (restricted)
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