Special Interest Groups are an integral part of economic policy decision making in democratic societies. In this book, they are to be discussed in terms of their impact on a country's economic performance. To do so the concept of a market for special privileges has to be introduced in order to develop an explicit demand/supply framework encompassing both special interest groups and political decision makers. Thus, the whole range of economists' tools can be applied to a topic that has implications not only for Economics but also for Political Science and Business Administration. The analysis opens the door for a critical assessment of recommendations that are discussed with respect to curbing and channelling the influence of special interest groups on economic policy making.
Frankfurt/M., Berlin, Bern, New York, Paris, Wien, 1995. 261 pp., 19 fig., 2 tab.
Contents: Pluralism - Formation of special interest groups (theory of collective action) - Rent-seeking - Market for special
privileges (demand/supply) - Endogenous tariff theory - Policy implications.