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A model of optimising political expenditures to buy government power

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  • Austin Murphy

Abstract

This research develops a model of optimal political expenditures and shows how money inevitably controls government leaders, subject only to a single constraint relating to negative public reaction. The paper demonstrates theoretically why many businesses do not make such investments despite abnormally high returns from the expended political capital. In particular, firms with less economic resources optimally recognise that they can successfully participate in the political process only in consortium with the dominant players of mutual interests to influence broader government policies. The largest corporations are therefore able to buy government power with a minimal political outlay.

Suggested Citation

  • Austin Murphy, 2019. "A model of optimising political expenditures to buy government power," Economic and Political Studies, Taylor & Francis Journals, vol. 7(4), pages 433-453, October.
    • Handle: RePEc:taf:repsxx:v:7:y:2019:i:4:p:433-453
    DOI: 10.1080/20954816.2019.1667602
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    Cited by:

    1. Austin Murphy, 2020. "An Analysis of the Use of Money to Divert the Exercise of Government Power for the Wealthiest," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 1, pages 50-78, March.

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