Showing posts with label political economy. Show all posts
Showing posts with label political economy. Show all posts

Monday, November 2, 2009

How lobbying is like a dollar bill auction

via Marginal Revolution:

David Zetland explains how to sell a dollar for more than a dollar (and teach some game theory and something about political lobbying at the same time).




The political economy of lobbying is one piece of the puzzle explaining, among other things, why our tax code is so convoluted and irrational.