Endogeneous public policy and contests:
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Berlin [u.a.]
Springer
2007
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis Klappentext |
| Physical Description: | XVI, 219 S. graph. Darst. |
| ISBN: | 9783540722427 3540722424 |
Staff View
MARC
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| 100 | 1 | |a Epstein, Gil S. |d 1964- |e Verfasser |0 (DE-588)122096819 |4 aut | |
| 245 | 1 | 0 | |a Endogeneous public policy and contests |c Gil S. Epstein ; Shmuel Nitzan |
| 246 | 1 | 3 | |a Endogenous public policy and contests |
| 264 | 1 | |a Berlin [u.a.] |b Springer |c 2007 | |
| 300 | |a XVI, 219 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
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Record in the Search Index
| _version_ | 1804136577925906432 |
|---|---|
| adam_text | Contents
Notation.......................................................
XV
I
Introduction
.............................................. 1
Part A The Basic
Contest
II The Policy Contest
....................................... 9
1
Policy and Stakes
........................................ 9
2
Contest Equilibrium
...................................... 11
a The Logit (Generalized Lottery) CSF
.................... 12
b
The All-pay Auction
................................... 13
III Contest Rationalization
—
Microfoundations
.............. 15
1
The Public-policy Contest
................................. 17
2
The Condition for Preferred Randomness
................... 18
3
Applications
............................................. 21
a The Most Common CSFs
............................... 21
b
Comparison of the Common CSFs
....................... 23
4
Summary
............................................... 24
Part
В
The Extended Contest: With Government
IV Endogenous Public Policy
................................ 29
1
The Public-policy Game
.................................. 31
a The Contest Between the Interest Groups
................ 32
b
Example: Public-good Provision
......................... 35
с
Public Policy and Rent-seeking Outlays
.................. 36
d
The Government: Bureaucrats and Politicians
............. 36
2
Politicization and Welfare
................................. 39
XII Contents
3
Stakes and Welfare
....................................... 43
V Culture, Politicization and Relative Rent Dissipation
..... 47
1
The Public-policy Game
.................................. 48
a The Contest Between the Interest Groups
................ 48
b
The Government: Office Holders and Ruling Politicians
..... 49
2
Political Culture and Relative Rent Dissipation
.............. 49
VI Lobbying and Compromise
............................... 55
1
The Public-policy Game
.................................. 58
2
A Noncompromising Equilibrium Policy
.................... 60
3
Public Policy
............................................ 62
Part
С
The Policy Effect
VII
Effort and Performance
................................... 69
1
The Public-policy Contest
................................. 71
2
Public Policy and the Prize System (The Contestants Stakes)
. 73
3
Public Policy, Efforts and Winning Probabilities
............. 76
a Partial Incidence: Policy Reforms Affecting a Single Stake
.. 77
b
Complete Incidence: Policy Reforms Affecting Both Stakes
.. 79
4
Summary
............................................... 83
VIII
Prizes (Size and Distribution) and Efforts
................ 85
1
The Public-policy Contest
................................. 85
2
Reduced Prizes and Increased Effort
........................ 87
3
Size and Distribution of Prizes and Efforts
.................. 89
a The Variable Contest
.................................. 90
IX Asymmetry and Corrective Public Policy
................. 95
1
The Extended Contest
.................................... 95
2
An Effective Corrective Tax-transfer Policy
.................. 98
Part
D
The Extended Contest: Without Government
X The Social Cost of Rent Seeking when Consumer
Opposition Influences Monopoly Behavior
................105
1
The Monopoly-Consumer Contest
.........................106
2
The Welfare Effect of Consumer Participation
...............107
3
The
Contestable
Monopoly Price
—
Two-stage Game
.........107
4
The True Social Cost of Monopoly
.........................109
Contents XIII
XI
Strategie
Restraint
.......................................113
1
The Model
..............................................114
a An Overview
..........................................114
b
Equilibrium
...........................................115
с
The Interest-groups Optimal Policies
....................117
Part
E
Applications
XII
Monopoly-price Determination
...........................123
1
The Game of Monopoly Regulation
........................124
2
The Proposed Monopoly Price and the Contestants Stakes,
Efforts and Winning Probabilities
..........................127
3
Political Culture and Monopoly Price
.......................130
4
Political Culture and Relative Rent Dissipation
..............132
5
Welfare Analysis
.........................................133
6
When Does The Calf (Monopoly) Wish to Suck Less
than the Cow (Regulator) Desire to Suckle?
.................135
7
A Numerical Example
....................................138
8
Remark on the Alternative Interpretation
...................140
9
Summary
...............................................142
XIII
Privatization
.............................................145
1
The Model
..............................................146
a An Overview
..........................................146
b
The
Subgame
Between the Employees and the Investor
.....147
2
The Optimal Level of Compensation
.......................149
a The Privatizing Authority
..............................150
3
Budgetary Limitations
....................................153
4
Summary
...............................................155
XIV
Migration Policy
.........................................157
1
The Preferred Nonstrategic Migration Quotas
...............160
2
The Effect of Lobbying: No Government Intervention
in the Proposal Process
...................................163
3
Government Intervention in Determining the Proposed Quota
Assuming a Given Status-quo Policy
.......................166
4
The Relationship between the Status Quo
and the Proposed Policy
..................................172
a Further Implications
...................................174
5
Summary
...............................................175
XIV Contents
XV
Minimum
Wage
..........................................177
1
The Contest
.............................................179
2
The Proposed Minimum Wage, Stakes, Efforts
and Winning Probabilities
................................181
3
The Politically Constrained Bureaucrat
.....................183
4
The Equilibrium Minimum Wage
..........................184
5
Implications
.............................................186
XVI
Tournaments
.............................................189
1
Promotion Tournaments: The Rationale
....................191
2
Productivity and Promotion
...............................196
3
Summary
...............................................201
References
.....................................................203
Name Index
...................................................213
Subject Index
.................................................217
Τ»
his book studies endogenous policy determination
focusing on the role of interest groups and their
lobbying efforts in the determination of public policy.
Applying strategic contest theory as the basic methodol¬
ogy, it clarifies the fundamental parameters that deter¬
mine the behavior of the government and the interest
groups
-
the two contestants for the prizes associated
with public policy. The fundamental parameters are the
objective of the government, political culture, the contest
success function, the stakes of the interest groups and
their characteristics. The analysis focuses on the relation¬
ship between these parameters and public policy, the
contest winning probabilities of the interest groups and
their efforts. Comprehensive illustrations of the useful¬
ness of the proposed approach are provided in five
specific cases: the determination of monopoly price,
privatization policy, migration quotas, minimum wage
and promotion in tournaments.
|
| adam_txt |
Contents
Notation.
XV
I
Introduction
. 1
Part A The Basic
Contest
II The Policy Contest
. 9
1
Policy and Stakes
. 9
2
Contest Equilibrium
. 11
a The Logit (Generalized Lottery) CSF
. 12
b
The All-pay Auction
. 13
III Contest Rationalization
—
Microfoundations
. 15
1
The Public-policy Contest
. 17
2
The Condition for Preferred Randomness
. 18
3
Applications
. 21
a The Most Common CSFs
. 21
b
Comparison of the Common CSFs
. 23
4
Summary
. 24
Part
В
The Extended Contest: With Government
IV Endogenous Public Policy
. 29
1
The Public-policy Game
. 31
a The Contest Between the Interest Groups
. 32
b
Example: Public-good Provision
. 35
с
Public Policy and Rent-seeking Outlays
. 36
d
The Government: Bureaucrats and Politicians
. 36
2
Politicization and Welfare
. 39
XII Contents
3
Stakes and Welfare
. 43
V Culture, Politicization and Relative Rent Dissipation
. 47
1
The Public-policy Game
. 48
a The Contest Between the Interest Groups
. 48
b
The Government: Office Holders and Ruling Politicians
. 49
2
Political Culture and Relative Rent Dissipation
. 49
VI Lobbying and Compromise
. 55
1
The Public-policy Game
. 58
2
A Noncompromising Equilibrium Policy
. 60
3
Public Policy
. 62
Part
С
The Policy Effect
VII
Effort and Performance
. 69
1
The Public-policy Contest
. 71
2
Public Policy and the Prize System (The Contestants' Stakes)
. 73
3
Public Policy, Efforts and Winning Probabilities
. 76
a Partial Incidence: Policy Reforms Affecting a Single Stake
. 77
b
Complete Incidence: Policy Reforms Affecting Both Stakes
. 79
4
Summary
. 83
VIII
Prizes (Size and Distribution) and Efforts
. 85
1
The Public-policy Contest
. 85
2
Reduced Prizes and Increased Effort
. 87
3
Size and Distribution of Prizes and Efforts
. 89
a The Variable Contest
. 90
IX Asymmetry and Corrective Public Policy
. 95
1
The Extended Contest
. 95
2
An Effective Corrective Tax-transfer Policy
. 98
Part
D
The Extended Contest: Without Government
X The Social Cost of Rent Seeking when Consumer
Opposition Influences Monopoly Behavior
.105
1
The Monopoly-Consumer Contest
.106
2
The Welfare Effect of Consumer Participation
.107
3
The
Contestable
Monopoly Price
—
Two-stage Game
.107
4
The True Social Cost of Monopoly
.109
Contents XIII
XI
Strategie
Restraint
.113
1
The Model
.114
a An Overview
.114
b
Equilibrium
.115
с
The Interest-groups' Optimal Policies
.117
Part
E
Applications
XII
Monopoly-price Determination
.123
1
The Game of Monopoly Regulation
.124
2
The Proposed Monopoly Price and the Contestants' Stakes,
Efforts and Winning Probabilities
.127
3
Political Culture and Monopoly Price
.130
4
Political Culture and Relative Rent Dissipation
.132
5
Welfare Analysis
.133
6
When Does The Calf (Monopoly) Wish to Suck Less
than the Cow (Regulator) Desire to Suckle?
.135
7
A Numerical Example
.138
8
Remark on the Alternative Interpretation
.140
9
Summary
.142
XIII
Privatization
.145
1
The Model
.146
a An Overview
.146
b
The
Subgame
Between the Employees and the Investor
.147
2
The Optimal Level of Compensation
.149
a The Privatizing Authority
.150
3
Budgetary Limitations
.153
4
Summary
.155
XIV
Migration Policy
.157
1
The Preferred Nonstrategic Migration Quotas
.160
2
The Effect of Lobbying: No Government Intervention
in the Proposal Process
.163
3
Government Intervention in Determining the Proposed Quota
Assuming a Given Status-quo Policy
.166
4
The Relationship between the Status Quo
and the Proposed Policy
.172
a Further Implications
.174
5
Summary
.175
XIV Contents
XV
Minimum
Wage
.177
1
The Contest
.179
2
The Proposed Minimum Wage, Stakes, Efforts
and Winning Probabilities
.181
3
The Politically Constrained Bureaucrat
.183
4
The Equilibrium Minimum Wage
.184
5
Implications
.186
XVI
Tournaments
.189
1
Promotion Tournaments: The Rationale
.191
2
Productivity and Promotion
.196
3
Summary
.201
References
.203
Name Index
.213
Subject Index
.217
Τ»
his book studies endogenous policy determination
focusing on the role of interest groups and their
lobbying efforts in the determination of public policy.
Applying strategic contest theory as the basic methodol¬
ogy, it clarifies the fundamental parameters that deter¬
mine the behavior of the government and the interest
groups
-
the two contestants for the "prizes" associated
with public policy. The fundamental parameters are the
objective of the government, political culture, the contest
success function, the stakes of the interest groups and
their characteristics. The analysis focuses on the relation¬
ship between these parameters and public policy, the
contest winning probabilities of the interest groups and
their efforts. Comprehensive illustrations of the useful¬
ness of the proposed approach are provided in five
specific cases: the determination of monopoly price,
privatization policy, migration quotas, minimum wage
and promotion in tournaments. |
| any_adam_object | 1 |
| any_adam_object_boolean | 1 |
| author | Epstein, Gil S. 1964- Nitsan, Shemuʾel 1948- |
| author_GND | (DE-588)122096819 (DE-588)111268532 |
| author_facet | Epstein, Gil S. 1964- Nitsan, Shemuʾel 1948- |
| author_role | aut aut |
| author_sort | Epstein, Gil S. 1964- |
| author_variant | g s e gs gse s n sn |
| building | Verbundindex |
| bvnumber | BV022485129 |
| classification_rvk | QD 040 |
| ctrlnum | (OCoLC)237236756 (DE-599)DNB983657882 |
| dewey-full | 330.1 338.9 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 330 - Economics 338 - Production |
| dewey-raw | 330.1 338.9 |
| dewey-search | 330.1 338.9 |
| dewey-sort | 3330.1 |
| dewey-tens | 330 - Economics |
| discipline | Politologie Wirtschaftswissenschaften |
| discipline_str_mv | Politologie Wirtschaftswissenschaften |
| format | Book |
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| id | DE-604.BV022485129 |
| illustrated | Illustrated |
| index_date | 2024-07-02T17:49:44Z |
| indexdate | 2024-07-09T20:58:37Z |
| institution | BVB |
| isbn | 9783540722427 3540722424 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-015692426 |
| oclc_num | 237236756 |
| open_access_boolean | |
| owner | DE-355 DE-BY-UBR DE-12 DE-M382 |
| owner_facet | DE-355 DE-BY-UBR DE-12 DE-M382 |
| physical | XVI, 219 S. graph. Darst. |
| publishDate | 2007 |
| publishDateSearch | 2007 |
| publishDateSort | 2007 |
| publisher | Springer |
| record_format | marc |
| spelling | Epstein, Gil S. 1964- Verfasser (DE-588)122096819 aut Endogeneous public policy and contests Gil S. Epstein ; Shmuel Nitzan Endogenous public policy and contests Berlin [u.a.] Springer 2007 XVI, 219 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Lobbying Economic aspects Policy sciences Economic aspects Wirtschaftspolitik (DE-588)4066493-4 gnd rswk-swf Wettkampf (DE-588)4137679-1 gnd rswk-swf Theorie (DE-588)4059787-8 gnd rswk-swf Staatstätigkeit (DE-588)4182679-6 gnd rswk-swf Lobbyismus (DE-588)4036097-0 gnd rswk-swf Politisches Ziel (DE-588)4211500-0 gnd rswk-swf Staatstätigkeit (DE-588)4182679-6 s Wirtschaftspolitik (DE-588)4066493-4 s Politisches Ziel (DE-588)4211500-0 s Lobbyismus (DE-588)4036097-0 s Wettkampf (DE-588)4137679-1 s Theorie (DE-588)4059787-8 s DE-604 Nitsan, Shemuʾel 1948- Verfasser (DE-588)111268532 aut Digitalisierung UB Regensburg application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=015692426&sequence=000003&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis Digitalisierung UB Regensburg application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=015692426&sequence=000004&line_number=0002&func_code=DB_RECORDS&service_type=MEDIA Klappentext |
| spellingShingle | Epstein, Gil S. 1964- Nitsan, Shemuʾel 1948- Endogeneous public policy and contests Lobbying Economic aspects Policy sciences Economic aspects Wirtschaftspolitik (DE-588)4066493-4 gnd Wettkampf (DE-588)4137679-1 gnd Theorie (DE-588)4059787-8 gnd Staatstätigkeit (DE-588)4182679-6 gnd Lobbyismus (DE-588)4036097-0 gnd Politisches Ziel (DE-588)4211500-0 gnd |
| subject_GND | (DE-588)4066493-4 (DE-588)4137679-1 (DE-588)4059787-8 (DE-588)4182679-6 (DE-588)4036097-0 (DE-588)4211500-0 |
| title | Endogeneous public policy and contests |
| title_alt | Endogenous public policy and contests |
| title_auth | Endogeneous public policy and contests |
| title_exact_search | Endogeneous public policy and contests |
| title_exact_search_txtP | Endogeneous public policy and contests |
| title_full | Endogeneous public policy and contests Gil S. Epstein ; Shmuel Nitzan |
| title_fullStr | Endogeneous public policy and contests Gil S. Epstein ; Shmuel Nitzan |
| title_full_unstemmed | Endogeneous public policy and contests Gil S. Epstein ; Shmuel Nitzan |
| title_short | Endogeneous public policy and contests |
| title_sort | endogeneous public policy and contests |
| topic | Lobbying Economic aspects Policy sciences Economic aspects Wirtschaftspolitik (DE-588)4066493-4 gnd Wettkampf (DE-588)4137679-1 gnd Theorie (DE-588)4059787-8 gnd Staatstätigkeit (DE-588)4182679-6 gnd Lobbyismus (DE-588)4036097-0 gnd Politisches Ziel (DE-588)4211500-0 gnd |
| topic_facet | Lobbying Economic aspects Policy sciences Economic aspects Wirtschaftspolitik Wettkampf Theorie Staatstätigkeit Lobbyismus Politisches Ziel |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=015692426&sequence=000003&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=015692426&sequence=000004&line_number=0002&func_code=DB_RECORDS&service_type=MEDIA |
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