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PerrinLefebvre,DavidMartimort

Reform for Sale: A Common Agency Model with Moral Hazard Frictions

Reform for Sale: A Common Agency Model with Moral Hazard Frictions

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  • More about Reform for Sale: A Common Agency Model with Moral Hazard Frictions

Format: Paperback / softback
Length: 75 pages
Publication date: 02 March 2023
Publisher: Cambridge University Press

This Element focuses on the efforts of interest groups who try to to influence a policy-maker who in turn exerts effort to increase the probability that a reform be implemented. It analyzes linking of the allocative efficiency and redistribution of the aggregate surplus, as both depend on the set of active principals as well as on the group size.


ISBN-13: 9781009285582

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