<abstract xmlns="http://www.w3.org/1999/xhtml"><p>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.</p></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.

Democracy, Lobbying and Economics

Review of Economic Perspectives

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"Democracy, Lobbying and Economics"}

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...

Democracy, Lobbying and Economics

Published Online: Sep 19, 2019

Page range: 193 - 210

Received: Dec 28, 2019

Accepted: Jun 17, 2019

DOI: https://doi.org/10.2478/revecp-2019-0011

Keywords
Impact of Lobbying on Democracy, Public Choice, New Institutional Economy, New Political Economy

© 2019 Milan Žák, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Democracy, Lobbying and Economics

Published Online: Sep 19, 2019

Page range: 193 - 210

Received: Dec 28, 2019

Accepted: Jun 17, 2019

DOI: https://doi.org/10.2478/revecp-2019-0011

KeywordsImpact of Lobbying on Democracy, Public Choice, New Institutional Economy, New Political Economy

© 2019 Milan Žák, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
Impact of Lobbying on Democracy, Public Choice, New Institutional Economy, New Political Economy