Trust, Coordination, and the Industrial Organization of Political Activism
研究多个拥有私人信息的利益集团的政治行动主义,分析意识形态距离如何影响低信任与高信任两种均衡,并比较独立行动与协调行动下的福利水平。
We study political activism by several interest groups with private signals. When their ideological distance to the policymaker is small, a "low-trust" regime prevails: agents frequently lobby even when it is unwarranted, taking advantage of the confirmation provided by others' activism; conversely, the policymaker responds only to generalized pressure. When ideological distance is large, a "high-trust" regime prevails: lobbying behavior is disciplined by the potential contradiction from abstainers, and the policymaker's response threshold is correspondingly lower. Within some intermediate range, both equilibria coexist. We then study the optimal organization of influence activities, contrasting welfare levels when interest groups act independently and when they coordinate.