Stigler-Olson lobbying behavior in protectionist industries: evidence from the lobbying power function

Article Abstract:

An evaluation of the Stigler-Olson theory of lobbying behavior in protectionist industries with respect to lobbying power function reveals that most of the four hypotheses tested are consistent with test results. The results support the hypothesis that free riding and perceieved result coefficients are positive, the hypothesis that lobbying spending rises per contributin firm as stakes rise; and, the hypothesis that lobbying spending per contributing firm rises with free riding.

Political Science, Protectionism, Lobbying, Political action committees, Power functions (Mathematics)

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The chaotic duopolists revisited

Article Abstract:

A review of the adjustment process of three oligopolists was undertaken through consideration of assumptions made by Augustin Cournot and Heinrich von Stackelberg. A system with chaotic or periodic behavior is produced under an iso-elastic demand function and constant marginal costs. Specifically, a virtual duopoly is able to produce a bifurcation set that is broader than the one produced in a genuine duopoly.

Economics, Research, Competition (Economics), Duopolies, Oligopolies

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