Showing 1 - 10 of 19
It is widely believed that the unionization of military labor leads to reduced discipline and lower combat capability. Case studies of the performance of existing military unions, however, generally suggest that unionization has a benign impact on the performance of the armed forces. In this...
Persistent link: https://www.econbiz.de/10005462773
The quest for benefit from existing wealth or by seeking privileged benefit through influence over policy is known as rent seeking. Much rent seeking activity involves government and political decisions and is therefore in the domain of political economy, although it can also take place in...
Persistent link: https://www.econbiz.de/10011199050
The means of contest design may include differential taxation of the prize. This paper considers all-pay auctions under complete information and establishes that, given a revenue-maximizing contest designer who faces a balanced-budget constraint, the optimal taxation scheme corresponding to an...
Persistent link: https://www.econbiz.de/10010759623
This article considers an asymmetric contest with incomplete information. There are two types of players: informed and uninformed. Each player has a different ability to translate effort into performance in terms of the contest success function. While one player’s type is known to both...
Persistent link: https://www.econbiz.de/10010988755
A widespread meal-serving system commonly blamed for contributing to the obesity epidemic is the all-you-can-eat buffet, where customers can help themselves to as much food as they wish to eat in a single meal for a fixed entry price. We set forth the hypothesis that buffet restaurants' practice...
Persistent link: https://www.econbiz.de/10010971311
Many economic and political decisions are the outcome of strategic contests for a given prize. The nature of such contests can be determined by a designer who is driven by political considerations with a specific political culture. The main objective of this study is to analyze the effect of...
Persistent link: https://www.econbiz.de/10010577654
Persistent link: https://www.econbiz.de/10004999615
The paper addresses a trademark infringer who seeks to capitalize on the reputation of a trademark owner, sells an identical product under a trademark which is confusingly similar to that of the owner, charges the same price and competes with him in the same market. We show that the...
Persistent link: https://www.econbiz.de/10008507350
A group of agents must decide whether or not to undertake a project. A simple mechanism is presented which implements the social choice function when the cost-sharing rule fulfills only two properties: budget balance and payment bounds.
Persistent link: https://www.econbiz.de/10008551311
This paper presents a simple twofold mechanism that attains a complete implementation of the efficient allocation of pollution. The first component is adopted from Duggan and Roberts [Duggan, J., Roberts, J., 2002. Implementing the efficient allocation of pollution. American Economic Review 92,...
Persistent link: https://www.econbiz.de/10005159293