Powered by OpenAIRE graph
Found an issue? Give us feedback
image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/ Journal of Economics...arrow_drop_down
image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/
Journal of Economics, Business and Management
Article . 2013 . Peer-reviewed
Data sources: Crossref
versions View all 1 versions
addClaim

Special Interest Groups, Public Policy and Social Welfare

Authors: Tetsuro Okazaki;

Special Interest Groups, Public Policy and Social Welfare

Abstract

In this paper, we examine the amount of goods provided by the government using common agency models. It has already been proved that the public policy is efficient in the truthful equilibrium. But, this efficiency reflects only welfare of the agent and the principals who make lobbying activities. Therefore, if there is some principal who does not make lobbying activity, the public policy can be inefficient from the viewpoint of the social welfare. In this paper, focusing on this point, we analyze public policy decision. Especially, we prove that the amount of goods provided by the government is greater than that in the efficient allocation if some group does not make lobbying activity. Moreover, we prove that the partial prohibition against lobby enlarges the government size in some cases. In addition, if the groups' valuation for the good increases, then the allocation becomes to be more inefficient, and if the marginal cost decreases, then the allocation also becomes to be more inefficient. Last, based on these results, an interpretation of the success and failure of Japanese industrial policy is presented.

  • BIP!
    Impact byBIP!
    selected citations
    These citations are derived from selected sources.
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    0
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Average
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Average
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Average
Powered by OpenAIRE graph
Found an issue? Give us feedback
selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
gold