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The rents of banking : a public choice approach to bank regulation

Buck, Florian Christopher - 2015

The rise of a crisis-prone banking sector and its political power has received significant attention following the most recent financial crisis. The crisis sparked a growing interest in understanding how and why we have created a world of large, unstable banks. Excessive banking activity arose...

Persistent link: https://www.econbiz.de/10010514056

Clueless politicians

Cotton, Christopher; Li, Cheng - 2015 - Current version: July 2015

leads to intense lobbying competition and larger political contributions. We identify a novel benefit of campaign finance …

Persistent link: https://www.econbiz.de/10011295605

Political economics of external sovereign defaults

Achury, Carolina; Koulovatianos, Christos; Tsoukalas, John - 2015

We develop a dynamic recursive model where political and economic decisions interact, to study how excessive debt-GDP ratios affect political sustainability of prudent fiscal policies. Rent seeking groups make political decisions - to cooperate (or not) - on the allocation of fiscal budgets...

Persistent link: https://www.econbiz.de/10011302496

Asymmetric yardstick competition : traditional procurement versus public-private partnerships

Di Liddo, Giuseppe; Vinella, Annalisa - 2019

We investigate yardstick competition between local jurisdictions in which pure rent-seeking incumbents undertake an … competition is hindered, even if jurisdictions display identical revenue capacities. …

Persistent link: https://www.econbiz.de/10011956309

The rents of banking : a public choice approach to bank regulation

Buck, Florian Christopher - 2015

dem Hintergrund der Public Choice-Theorie versucht die vorliegende Arbeit diesen Trend als Resultat politischer …

Persistent link: https://www.econbiz.de/10011742914

Voluntary agreements under endogenous legislative threats

Glachant, Matthieu - 2003

The paper analyzes the welfare properties of voluntary agreements (VA) with polluters, when they are obtained under the legislative threat of an alternative stricter policy option. In the model, the threat is an abatement quota. Both the threat and its probability of implementation are...

Persistent link: https://www.econbiz.de/10011589992

The road to hell is paved with good intentions : modeling grant competition between universities

Daumann, Frank; Follert, Florian; Wassermann, Alfred - In: Economies : open access journal 11 (2023) 3, pp. 1-13

Competition is a core feature of science and has for some time also been viewed by institutions in the higher education … a loss of efficiency. To advance the discussion concerning grant competition we present a rent-seeking model that helps … independent research triggered by the grant competition, the extent of administrative expenses and the productivity of the …

Persistent link: https://www.econbiz.de/10014230969

Commodity revenues, agricultural sector and the magnitude of deindustrialization : a novel multisector perspective

Sadik-Zada, Elkhan; Loewenstein, Wilhelm; Hasanli, Yadulla - In: Economies : open access journal 7 (2019) 4/113, pp. 1-15

This study puts forward a model of a multisector economy and embeds it in a novel theoretical framework to address the relationship between commodity revenues and manufacturing output with a special focus on the role of the agricultural sector. The three-sector model lays the groundwork for...

Persistent link: https://www.econbiz.de/10012132219

Political corruption and minority capture

Giannoccolo, Pierpaolo; Lisciandra, Maurizio - 2014

This analysis investigates a political corruption model that builds on previous literature on corruption in hierarchies. Our study enriches the literature on political corruption emphasizing the contrasting role of the minorities having a control role of the majorities. In particular, this paper...

Persistent link: https://www.econbiz.de/10011725698

Herding, rent-seeking taxpayers, and endemic corruption

Epstein, Gil S.; Gang, Ira N. - 2022

likelihood when others are thought to be evading. Thus, our modelling incorporates elements from the theory of information …

Persistent link: https://www.econbiz.de/10013469619