Microeconomics › Section R · Public economy › Topic R.2
Special interest politics
Democracy counts heads, yet small, well-organised groups often win policies that the majority would reject if it were paying attention. The reason is not mysterious: it lies in who gains a lot, who loses a little, and who finds it worthwhile to organise.
In this topic
- Small groups, big influence
- Concentrated benefits, dispersed costs
- Worked example: a quota and its lobbyists
- Lobbying and regulatory capture
- Rent-seeking
- Identifiable winners, anonymous losers
- Pork barrels and logrolling
- Worked example: a logrolling coalition
- Counterweights
- Common mistakes to avoid
- Key takeaways
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