1. bookVolume 19 (2019): Issue 3 (September 2019)
Journal Details
License
Format
Journal
eISSN
1804-1663
First Published
19 Feb 2010
Publication timeframe
4 times per year
Languages
English
access type Open Access

Democracy, Lobbying and Economics

Published Online: 19 Sep 2019
Volume & Issue: Volume 19 (2019) - Issue 3 (September 2019)
Page range: 193 - 210
Received: 28 Dec 2019
Accepted: 17 Jun 2019
Journal Details
License
Format
Journal
eISSN
1804-1663
First Published
19 Feb 2010
Publication timeframe
4 times per year
Languages
English
Abstract

The paper deals with the issue of lobbying, defined as a democratic means of promoting interests. The text tries to find answers to the problems in the current economic theory. The basic links are defined by using a simple graphic model, which are further examined by the SWOT analysis. The result is the knowledge that the basic coordination mechanism is the market – the information market. The role of government lies above all in creating a favourable institutional environment that does not interfere with spontaneous market relations. However, there are certain situations that the government could or should regulate. These situations are described by three hypothetical scenarios – a society without lobbying, a society where lobbing exists, but it is not transparent, and a society where lobbing is transparent, leading to a final discussion of possible directions and ways of its regulation.

Keywords

JEL Classification

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