Modern Economy

Vol.10 No.6(2019), Paper ID 93376, 25 pages

DOI:10.4236/me.2019.106105

 

Lobbying Is a Biologically Necessary Transaction Cost in a Democracy

 

Stephen P. Magee, Kwang-Yeol Yoo

 

University of Texas at Austin, Austin, USA
Financial Supervisory Service, Government of Korea, Seoul, South Korea

 

Copyright © 2019 Stephen P. Magee, Kwang-Yeol Yoo et al. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

 

How to Cite this Article

Magee, S. and Yoo, K. (2019) Lobbying Is a Biologically Necessary Transaction Cost in a Democracy. Modern Economy, 10, 1589-1612. doi: 10.4236/me.2019.106105.
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