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Short-term or long-term contracts? - A rent-seeking perspective
Gürtler, Oliver - Volkswirtschaftliche Fakultät, …
course leads to less rent seeking. Finally, a longer contract makes a possible cooperation between the .rms solving the rent …In this paper, .rms engage in rent seeking in order to be assigned a governmental contract. We analyze how a change in … the contract length a¤ects the .rms. rent-seeking behavior. A longer contract leads to more rent seeking at a contract …
Persistent link: https://www.econbiz.de/10005785927
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Haggling for Rents, Relational Contracts, and the Theory of the Firm
Gürtler, Oliver - In: Schmalenbach Business Review (sbr) 62 (2010) 4, pp. 359-377
strategy. In the infinitely repeated version of the model, the parties can also enter a relational contract under which each … party promises not to engage in haggling. I show that such a contract is less stable under integration, since the …
Persistent link: https://www.econbiz.de/10008740453
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Parametric Contest Success Functions
Rai, Birendra K.; Sarin, Rajiv - Wirtschaftswissenschaftliche Fakultät, … - 2007
The key element of models of contest is the Contest Success Function (CSF) which specifies the winning probabilities of agents. We provide an axiomatization of two parametric families of CSF’s. In the first, the winning probability of each agent depends on the investments and a vector of...
Persistent link: https://www.econbiz.de/10004970277
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Search duplication in research and design spaces — Exploring the role of local competition
Konrad, Kai A. - In: International Journal of Industrial Organization 37 (2014) C, pp. 222-228
A lack of sufficient diversification in research strategies has been identified as an important problem for delegated research. We show that this problem can be solved by local competition (such as bribery, lobbying, rent seeking, competition at the patent office) among players who apply the...
Persistent link: https://www.econbiz.de/10011117308
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Instant Exit from the Asymmetric War of Attrition
Myatt, David P. - Department of Economics, Oxford University - 2005
In an asymmetric war of attrition the players` prize valuations are drawn from different distributions. A stochastic strength ordering, based upon relative hazard rates, is used to rank these distributions. The stochastically stronger player is perceived to be strong ex ante, even though her...
Persistent link: https://www.econbiz.de/10005047908
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Generalized Contest Success Functions
Rai, Birendra K.; Sarin, Rajiv - Wirtschaftswissenschaftliche Fakultät, … - 2007
The key element of models of contest is the Contest Success Function (CSF) which specifies the winning probabilities of agents. The existing axiomatizations of CSFs assume that contestants can make only one type of investment. This paper generalizes these axiomatizations to the case where each...
Persistent link: https://www.econbiz.de/10005090488
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Haggling for Rents, Relational Contracts, and the Theory of the Firm
Gürtler, Oliver - Volkswirtschaftliche Fakultät, … - 2006
optimal. In the infinitely-repeated version of the model, it is also possible for the parties to enter a relational contract …, under which each promises not to engage in rent-seeking. Such a contract must be self-enforcing, for it cannot be enforced … by court. It is shown that integration makes the relational contract less easily sustainable, as, due to its cost …
Persistent link: https://www.econbiz.de/10005835225
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On the inappropriateness of collective rent seeking analysis when agents exert within-group and between-group efforts
Hausken, Kjell - In: Economics Letters 116 (2012) 3, pp. 504-507
The ratio of within-group to between-group fighting is shown to be unrealistically high for the collective rent seeking model when agents exert two efforts i.e. within-group and between-group efforts. The ratio is more realistic for the production and conflict model. Six economics examples...
Persistent link: https://www.econbiz.de/10010594205
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Conflict, Ideology and Foreign Aid
LABONNE, Julien; BAH, Adama; ARCAND, Jean-Louis - Centre d'Études et de Recherches sur le Développement … - 2010
In this paper, we present a rent-seeking model of conflict, which highlights the role of ideology in determining whether the government or the rebels take the initiative. We use the model to interpret the impact of a large-scale Community-Driven Development project on civil conflict in the...
Persistent link: https://www.econbiz.de/10008580424
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The Evolution of Sharing Rules in Rent Seeking Contests: Incentives Crowd Out Cooperation
Ursprung, Heinrich - Fachbereich Wirtschaftswissenschaften, Universität Konstanz - 2011
incentive schemes have gradually crowded out cooperation as an organization device. Our explanation does not draw on free …-riding, the obvious Achilles’ heel of cooperation, but relies completely on fundamental group contest mechanisms. By investigating …
Persistent link: https://www.econbiz.de/10008852907