It also seems that the report somewhat under-emphasizes the idea of lobbying equilibria where marginal increases by one side would be quickly countered, which would make it look like additional money could be effective when in effect it is not.
Thanks for sharing this. I’d be interested if you’re aware of empirical evidence of this effect/reaction happening? Or is this largely a theoretical concern?
Thanks for sharing this. I’d be interested if you’re aware of empirical evidence of this effect/reaction happening? Or is this largely a theoretical concern?