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Imperfect Principals And Lobbyist Agency Costs, Jack M. Beermann
Imperfect Principals And Lobbyist Agency Costs, Jack M. Beermann
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One of the secrets to scholarly success is picking interesting topics. It also helps if your analysis makes an interesting topic even more interesting. That’s exactly what Matthew Stephenson and Howell Jackson have done in their essay Lobbyists as Imperfect Agents: Implications for Public Policy in a Pluralist System, 47 Harv. J. Legis. 1 (2010). In this well-written and engaging essay, Stephenson and Jackson describe how principal-agent problems manifest themselves in the lobbying context and hypothesize on how these manifestations might affect public policy outcomes.
Wherever there are principals and agents, there are principal-agent problems, but the lobbying context …