This book analyzes the links between political economics, governance structures and the distribution of political power in economic policy making. The book theoretically explains and empirically quantifies these interactions. The analysis includes both public good policies and redistributive policies. Part I of the book presents the conceptual foundations of political-economic bargaining and interest group analysis. After presenting the underlying theory, Part II of the book examines ideology, prescription and political power coefficients; Part III analyzes a number of specific structures; and Part IV presents a framework for political econometrics with a number of empirical applications and testable hypotheses. In all four parts of the book, four analytical dimensions of public policy are distinguished: governance structures, political economy, mechanism design and incidence.
Gordon C. Rausser is currently the Robert Gordon Sproul Distinguished Professor, University of California, Berkeley.
Johan Swinnen is a Professor at the University of Leuven, Director of the LICOS-Centre for Institutions and Economic Performance, and Senior Research Fellow at the Centre for European Policy Studies, Brussels.