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Larrain, Maria and Prüfer, Jens 
ORCID: https://orcid.org/0000-0001-7203-9711
(2015)
Trade associations, lobbying, and endogenous institutions.
Journal of Legal Analysis, 7 (2).
pp. 467-516.
ISSN 2161-7201
Abstract
This article explores whether positive or negative effects of trade associations-private, formal, nonprofit organizations designed to promote the common interests of their members-on the economy prevail.Weconstruct a model that endogenizes association membership of firms and the main functions of associations, which can have positive or negative spillovers on the economy. We show that, all else equal, the incentives of associations to lobby for better property rights are highest when property rights are unprotected. In turn, incentives to seek rents are strongest when property rights are well protected. This suggests that associations can be a valuable private ordering institution when governments are ineffective but recommends caution when governments supply a functioning legal system.
| Item Type: | Article |
|---|---|
| Additional Information: | Publisher Copyright: © The Author 2015. |
| Uncontrolled Keywords: | law ,/dk/atira/pure/subjectarea/asjc/3300/3308 |
| Faculty \ School: | Faculty of Social Sciences > School of Economics |
| UEA Research Groups: | Faculty of Social Sciences > Research Centres > Centre for Competition Policy Faculty of Social Sciences > Research Groups > Economic Theory Faculty of Social Sciences > Research Groups > Industrial Economics |
| Related URLs: | |
| Depositing User: | LivePure Connector |
| Date Deposited: | 08 Sep 2022 12:30 |
| Last Modified: | 21 Oct 2023 00:42 |
| URI: | https://ueaeprints.uea.ac.uk/id/eprint/87952 |
| DOI: | 10.1093/jla/lav009 |
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