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In the standard model of a rent-seeking contest, firms optimally employ resources in an attempt to win the contest and obtain the rent. Typically, it is assumed that these resources may be hired at any desired level at some fixed, exogenous per-unit cost. In many real-world rent-seeking...
Persistent link: https://www.econbiz.de/10005077062
This paper considers the extent to which expenditure by contestants in imperfectly discriminating rent-seeking contests dissipates all or only part of the rent. In particular, we investigate strategic effects, technological effects and asymmetry under an assumption of diminishing returns to...
Persistent link: https://www.econbiz.de/10005062377
We present a general model of two players contest with two types of efforts. Contrary to the classical models of contest, where each player chooses a unique effort, and where the outcome depends on the efforts of all the players, contestants are allowed to reduce the effort of the opponent....
Persistent link: https://www.econbiz.de/10005560971
This paper considers an economy where groups compete in a contest for power to redistribute future income in their favor. An increased external threat of terrorism--either an increase in the likelihood of a successful terrorist attack or a greater loss of income in the event of a successful...
Persistent link: https://www.econbiz.de/10005125931
producer. This may help to explain why specialized lobbying evolved. Specialized lobbying reduces the social cost from improper …
Persistent link: https://www.econbiz.de/10005125968
Interest groups lobby over a variety of issues including private bills. There are two striking facts about private bills introduced in the U.S. Congress. First, several scandals have involved Congressmen who were being bribed to introduce a private bill. Second, the number of private bills...
Persistent link: https://www.econbiz.de/10005556927
Important conceptualizations of both interest groups and bureaucratic agencies suggest that these institutions provide legislatures with greater information for use in policy making. Yet little is known about how these information sources interact in the policy process as a whole. In this paper...
Persistent link: https://www.econbiz.de/10005560982
special interest groups. This paper examines the nature of the interaction between the lobbying activities of special interest … turn stimulates more intense lobbying which increases the scope of corrupt behavior. It is shown that electoral competition …
Persistent link: https://www.econbiz.de/10005135118
The article proposes an enabling mechanism for the creation, adjustment and dissolution of governmental units, giving autonomy to each resident as in a direct democracy. Rather than focusing on a narrow model with restrictive and specialized assumptions, and subsequent solutions, as has been...
Persistent link: https://www.econbiz.de/10005412496
Most opportunistic-type models of political business cycles tend to posit a given objective for incumbents: maximisation of re-election chances. Though taking an opportunistic view too, we suggest a new explanation for a fiscal policy cycle: the incumbent’s concern with her own welfare in...
Persistent link: https://www.econbiz.de/10005076618