Journal of Economic Literature Vol. 47 No. 4 2009
Book Reviews
Abstract
Vincenzo Galasso of Bocconi University and IGIER reviews “Endogenous Public Policy and Contests” by Gil S. Epstein, Shmuel Nitzan,. The EconLit Abstract of the reviewed work begins “Examines endogenous policy determination, focusing on the role of interest groups and their lobbying efforts in the determination of public policy. Discusses the policy contest; contest rationalization--microfoundations; endogenous public policy; culture, politicization, and relative rent dissipation; lobbying and compromise; effort and performance; prizes (size and distribution) and efforts; asymmetry and corrective public policy; the social cost of rent seeking when consumer opposition influences monopoly behavior; strategic restraint; monopoly-price determination; privatization; migration policy; minimum wage; and tournaments. Epstein is with the faculty of the Department of Economics, and Nitzan is Sir Isaac Wolfson Chair in Economics, at Bar-Ilan University. Name and subject indexes.”
- DOI
- 10.1257/jel.47.4.1126.r3
- Volume
- 47
- Issue
- 4
- Pages
- 1131-1133
- Language
- en
- Sources
- crossref