- Lobbying when the Decisionmaker can acquire independent information.
- Public Choice
- Volume | Issue number
- 91 | 2
- Pages (from-to)
- Document type
- Faculty of Economics and Business (FEB)
- Amsterdam School of Economics Research Institute (ASE-RI)
Abstract In this comment it is argued that the game-theoretical analysis presented by Rasmusen (1993) is incomplete. First, a short description of his model is given, then a proposition stating all equilibria of the model is presented. The proposition supplements the analysis of Rasmusen by showing that an, in our view plausible, equilibrium is ignored. Thereupon a comprehensive equilibrium analysis leads us to qualify his argument; lobbying does not always fully substitute for independent investigation, truthful lobbying is not successful, and a lobbyist having the right information does not always gets his way.
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