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Migration has a strong economic impact on the sending and host countries. Since individuals and groups do not benefit equally from migration, interest groups emerge to protect and take care of their narrow self-interests and compete for rents generated by migration. Narrow self-interests may be...
Persistent link: https://www.econbiz.de/10009620941
Economic policy is modeled as the outcome of a (political) game between two inte rest groups. The possible ex-post (realized) outcomes in the game correspond to the proposed policies. In the literature the policies fought for are exogenous. We extend such games by allowing the endogenous...
Persistent link: https://www.econbiz.de/10009781546
In this paper we study the endogenous determination of monopoly price. Our proposed game of endogenous monopoly-price setting extends the literature on monopoly-price, monopoly rent-seeking contests and monopoly rent-seeking rent-avoidance contests by (i) determining the monopoly price such that...
Persistent link: https://www.econbiz.de/10001648815
Government intervention often gives rise to contests in which the possible 'prizes' are determined by the existing status-quo and some new public- policy proposal . In this paper we study the general class of such two-player public-policy contests and examine the effect of a change in the...
Persistent link: https://www.econbiz.de/10001648839
Persistent link: https://www.econbiz.de/10001904753
The main drawback of the public-policy contest is that the notion of contest success function, a crucial component of the contest model, does not have micro-foundations and, therefore, the random behavior of the government seems ad-hoc. In the present paper we propose a partial micro-foundation...
Persistent link: https://www.econbiz.de/10001737559
Persistent link: https://www.econbiz.de/10002106570
Persistent link: https://www.econbiz.de/10001654673
Persistent link: https://www.econbiz.de/10001705133
Economic policy is modeled as the outcome of a (political) game between two interest groups. The possible ex-post (realized) outcomes in the game correspond to the proposed policies. In the literature the policies fought for are exogenous. We extend such games by allowing the endogenous...
Persistent link: https://www.econbiz.de/10001474364