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Snyder (1991) - On Buying Legislatures (view source)
Revision as of 17:12, 7 October 2011
, 17:12, 7 October 2011no edit summary
[http://www.edegan.com/wiki/images/d/da/On_Buying_Legislatures_by_James_Snyder.pdf pdf of paperFull-text PDF]
==Abstract==
==Model Setup==
The model examines a policy space <math>x\in[-0.5,0.5]R</math> and a lobbyist's efforts to bribe legislators to adopt a policy near his ideal point. The lobbyist's utility function is <math>u(x,B)=-(x-L)^{2}</math>, where x is the policy chosen, L is the lobbyist's ideal point and B is the total number of bribes paid to legislators. The lobbyist is assumed to have an infinite budget.