Variations in both business and countervailing political mobilization should be approached as problems of collective interpretation and action.
An analytical framework for dealing with political entrepreneurship and reform was proposed by Michael Wohlgemuth[5] "based on some new combinations of Schumpeterian political economy, an extended version of Tullock's model of democracy as franchise-bidding for natural monopoly and some basic elements of New Institutional Economics.
It is shown that problems of insufficient award criteria and incomplete contracts which may arise in economic bidding schemes, also—and even more so—characterize political competition.
On this definition a political entrepreneur is a business entrepreneur who seeks to gain profit through subsidies, protectionism, government contracts, or other such favorable arrangements with government agents through political influence and lobbying (also referred to as corporate welfare).
Similarly, Thomas DiLorenzo says, "a political entrepreneur succeeds primarily by influencing government to subsidize his business or industry, or to enact legislation or regulation that harms his competitors."