Black Hole Tariffs and Endogenous Policy Theory

by Leslie Young, William A. Brock, Stephen P. Magee

Book Overview

This book provides a special interest theory of protection, developing a full general equilibrium theory that explains the distribution of income with goods markets, factor markets, lobbies, political parties, and voters all pursuing their self interest. This probabilistic voting model shows how well-organized groups can use seemingly irrational government policies to exploit poorly organized groups. Given rational predatory behavior between these...

• Format: Paperback
• Language: English
• ISBN: 0521377005
• ISBN13: 9780521377003
• Release Date: August 1989
• Publisher: Cambridge University Press
• Length: 460 Pages
• Weight: 1.10 lbs.
• Dimensions: 0.9" x 5.8" x 9.0"