Chaturvedi, Ashish; Glazer, Amihai - Department of Economics, University of California-Irvine - 2005
We consider a policymaker who must choose between the status quo and proposals made by lobbyists. Each lobbyist aims to maximize the tariff accorded his industry, but realizes that if he proposes too high a tariff, the policymaker may choose the proposal offered by another lobbyist which...