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Baron (2001) - Theories of Strategic Nonmarket Participation (view source)
Revision as of 14:08, 12 October 2009
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==Reference==
Baron, D. (2001), Theories of Strategic Nonmarket Participation: Majority-Rule and Executive Institutions, Journal of Economics and Management Strategy 10, 7-45. [http://www.edegan.com/pdfs/Baron%20(2001)%20-%20Theories%20of%20Strategic%20Nonmarket%20Participation%20Majority%20Rule%20and%20Executive%20Institutions.pdf pdf]
==Introduction==
Baron (2001) provides some theoretical foundations for client politics and interest group politics in both Majority Rule institutions and executive institutions.
==Basic Definitions==
*In '''Client politics''' the firm or interest group has no direct competition in its lobbying or influencing efforts.
*In '''Interest group politics''' two or more firms directly compete in their efforts to influence policy.
*'''Majority Rule institutions''' are legislatures or similar bodies that who require a majority vote to pass legislation. Thus Majority Rule institutions are synonymous with median vote type problems.
*'''Executive institutions''' are those in which a single individual, or a group of individuals that hare identical preference and so can be represented by a single representative agent, are empowered to choose and enact policy.
