NDLI: An optimal auction perspective on lobbying

Content Provider	Springer Nature Link
Author	Boylan, Richard T.
Copyright Year	2000
Abstract	The lobbying process has been described as an auction (see, for instance, Bernheim and Whinston [4]). While the auction rules picked are supposed to be descriptive, they vary from author to author. Examples show that these different auction rules make different predictions of what policy is the outcome of the lobbying process. Further, which proposed auction rule is the most preferred by the government official depends on the preferences of lobbies.¶ If off-the-equilibrium negative contributions (i.e., contributions from the government official to lobbies) are possible, there is a best possible auction for the government official. Such an auction leads to the same policy as in [4], although contributions are higher. If negative contributions are not possible, the government official is made worse off. It follows that since the auction rules used in the literature to describe lobbying do not allow negative contributions, none of them are optimal from the government official's perspective.
Starting Page	55
Ending Page	68
Page Count	14
File Format	PDF
ISSN	01761714
Journal	Social Choice and Welfare
Volume Number	17
Issue Number	1
e-ISSN	1432217X
Language	English
Publisher	Springer-Verlag
Publisher Date	2000-01-01
Publisher Place	Berlin, Heidelberg
Access Restriction	One Nation One Subscription (ONOS)
Content Type	Text
Resource Type	Article
Subject	Social Sciences Economics and Econometrics

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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An optimal auction perspective on lobbying