{"id":198,"date":"2012-02-10T11:45:17","date_gmt":"2012-02-10T19:45:17","guid":{"rendered":"https:\/\/blogschapman.wpenginepowered.com\/business\/2012\/02\/10\/ifreeesi-lecture-series-presents-brian-roberson-ph-d-dynamic-special-interest-politics-with-relational-contracts\/"},"modified":"2012-02-10T11:45:17","modified_gmt":"2012-02-10T19:45:17","slug":"ifreeesi-lecture-series-presents-brian-roberson-ph-d-dynamic-special-interest-politics-with-relational-contracts","status":"publish","type":"post","link":"https:\/\/blogs.chapman.edu\/business\/2012\/02\/10\/ifreeesi-lecture-series-presents-brian-roberson-ph-d-dynamic-special-interest-politics-with-relational-contracts\/","title":{"rendered":"IFREE\/ESI Lecture Series Presents: Brian Roberson, Ph.D."},"content":{"rendered":"<p><strong>Feb. 10th,<\/strong> <a href=\"http:\/\/www.krannert.purdue.edu\/directory\/bio.asp?username=brobers\" target=\"_blank\">Brian Roberson, Ph.D.<\/a> &#8211; <a href=\"http:\/\/www.chapman.edu\/images\/userImages\/jcunning\/Page_12450\/BrianRoberson.pdf\" target=\"_blank\">Dynamic Special Interest Politics with Relational Contracts<\/a> &#8211; <a href=\"http:\/\/www.chapman.edu\/esi\/downloads\/public\/speakerseries\/BrianRoberson2012.wmv\" target=\"_blank\">Watch lecture<\/a><\/p>\n<p><strong><img loading=\"lazy\" decoding=\"async\" class=\"alignleft\" style=\"margin-left: 6px;margin-right: 6px;border: 1px solid black\" src=\"http:\/\/www.chapman.edu\/images\/userImages\/jcunning\/Page_12808\/BrianRoberson.JPG\" alt=\"Dr. Brian Roberson, a guest of the IFREE\/ESI Lecture Series\" width=\"105\" height=\"121\" align=\"left\" border=\"1\" hspace=\"6\" \/>Abstract:<\/strong> This paper explores a model of special interest politics that allows for agreements among long-lived interest groups, political parties, and bureaucrats to be supported by informal relational contracts. Special interests and political parties may form agreements involving the exchange of campaign contributions in return for influence over agency actions, but, as agreements are non-binding, there is a temptation for the winning party to renege after each election. We characterize a relevant refinement of the efficient sequential equilibria. We find that political parties and special interests are able to form stable alliances that generate influence over agency decisions\u2014agencies that acquiesce to the demands of political allies are rewarded in the agency funding process and shirking ones are punished. Furthermore, the political parties have incentive to form a system of advisory committees that are positioned to monitor the agencies and can be sold to the allied special interests.<\/p>\n<p><strong>Bio:<\/strong>\u00a0 Brian Roberson is an Assistant Professor of Economics in the Krannert School of Management at Purdue University.\u00a0 His research focuses on the strategic allocation of resources in environments in which the outcome of a given conflict is determined by the performance in multiple component conflicts and examines how\u2014in applications from the economic, information, military, and political sciences\u2014behavior depends on the structural linkages between the individual contests.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&quot;Dynamic Special Interest Politics with Relational 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