Abstract

We analyse a cheap-talk game where contrasting lobbies are asymmetrically informed. Equilibrium information transmission depends on each lobby´s preference alignment with the legislator on the dimension of its expertise, and on the conflict of lobby interests. Full revelation is possible only when each lobby´s preference on its expertise is completely aligned with the legislator´s. Otherwise, greater preference alignment and lowered lobbyist conflict induce more transmission. We also show that results are sensitive to the legislator´s expertise. In turn, we demonstrate how informational impacts provide predictions about when legislators will delegate to an expert, and we note our analyses´ broader empirical implications.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.