428 BOOK REVIEW ing to impose costs – a form of political extortion or blackmail.” (The extravagant language is representative of the tone of the book.) Typically, he argues, such a threat takes the form of threatening to impose price controls, taxes, or other proﬁt-reducing restrictions. The private parties respond to the threat by paying the politician consideration up to the value of the threatened rent extraction, and the threat is withdrawn. The principal problem with this theory is that it seems unlikely that the politi- cians who would make such threats would typically be the same politicians who would receive such payments. When a politician threatens an industry with (say) increased regulation, it seems much more the usual and likely case that the industry responds to the threat with contributions to that politician’s opponents. (Indeed, one of the standard responses to the charge that political contributions are nothing more than bribery is that, rather than paying politicians to change their minds, contrib- utors are paying those politicians who have already signalled that their positions will be desirable ones.) If McChesney has in mind some sort of meta-agreement under which I make liberal proposals to elicit conservative contributions, in
Review of Industrial Organization – Springer Journals
Published: Oct 16, 2004
It’s your single place to instantly
discover and read the research
that matters to you.
Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.
All for just $49/month
Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly
Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.
Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.
Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.
All the latest content is available, no embargo periods.
“Hi guys, I cannot tell you how much I love this resource. Incredible. I really believe you've hit the nail on the head with this site in regards to solving the research-purchase issue.”Daniel C.
“Whoa! It’s like Spotify but for academic articles.”@Phil_Robichaud
“I must say, @deepdyve is a fabulous solution to the independent researcher's problem of #access to #information.”@deepthiw
“My last article couldn't be possible without the platform @deepdyve that makes journal papers cheaper.”@JoseServera