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Persistent link: https://www.econbiz.de/10009150182
Rapoport, Felsenthal and Maoz (1988) have proposed three alternative methods to discern the fair proportion of seats that a party in a representative assembly ought to receive as a function of voters' preference orderings. All three methods assume that the ratio between the number of voters...
Persistent link: https://www.econbiz.de/10010863673
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The impact of a budget constraint on individual expenditures is examined in two models of two-stage contests with homogenous and risk-neutral players competing to win a single, indivisible, commonly valued rent. The set of players is partitioned into equally sized groups. In the first model, one...
Persistent link: https://www.econbiz.de/10005674704
Two variations of a two-stage rent-seeking contest are considered. In the first stage of the Between-Group model, groups compete through the expenditure of resources by their members. Based on group expenditures, one winning group is probabilistically determined. On the second stage, members of...
Persistent link: https://www.econbiz.de/10005674908