Microfoundations of Influencing Public Opinion: Lobbying and Voting for Trade Policies
Derek Pyne
Journal of Economic Integration, 2006, vol. 21, 551-576
Abstract:
Public opinion, lobbying and elections have important effects on the formation of trade policy in democracies. This paper attempts to explain how lobbying expenditures can influence the outcome of an election fought over trade policy. Voters are assumed to own both capital and labour. The expenditures of lobby groups act as a signal to voters of the difference in returns to their factor endowments under different political parties.
Keywords: Trade Policy Formation; Tariffs; Voting; Lobbing (search for similar items in EconPapers)
JEL-codes: D72 D78 F13 F15 (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:ris:integr:0369
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