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Multimarket lobbying with reserves
Mathematical Social Sciences ( IF 0.5 ) Pub Date : 2020-11-17 , DOI: 10.1016/j.mathsocsci.2020.11.001
Oz Shy

This article presents a model of two firms with fixed budgets that simultaneously hire lobbyists to obtain exclusive contracts in multiple markets. In a pure-strategy equilibrium, neither firm can increase its payoff by using its reserves to hire more lobbyists in any market. Efficiency criterion is defined in order to facilitate the ranking of lobbyist allocations with the same payoffs, where efficiency is improved with the aggregate number of lobbyists that firms keep on reserve. Efficiency comparisons are used to reduced the number of pure-strategy equilibria.



中文翻译:

有储备的多市场游说

本文介绍了一个具有固定预算的两家公司的模型,这些公司同时雇用说客,以在多个市场上获得独家合同。在纯战略平衡中,任何一家公司都无法通过使用其储备金在任何市场上雇用更多的游说者来增加其收益。定义效率标准是为了便于对具有相同收益的游说者分配进行排名,其中,随着公司保留的游说者总数增加了效率。效率比较用于减少纯策略平衡的数量。

更新日期:2020-12-23
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