Tag Archives | Political Economy of Protection

In this article we will discuss about:- 1. Meaning of Political Market 2. Concept of Median Voter 3. Lobbying 4. The Choice of Protective Instruments 5. Anti-Dumping Legislation 6. Rent-Seeking 7. Empirical Work. Meaning of Political Market: In the latter half of 1950's, the political scientists and economists like Becker. Buchanan, Tullock, Downs, Olson and Stigler developed the model called [...]