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We study the value of commitment in contests and tournaments when there are costs for the follower to observe the … entirely in sequential and endogenous move contests, regardless of the size of the observation cost. By contrast, in …
Persistent link: https://www.econbiz.de/10005408421
-unit cost. In many real-world rent-seeking contests, however, these resources consist of scarce, talented individuals. We model …
Persistent link: https://www.econbiz.de/10005077062
thus lessen the severity of the conflict at home. However, unless the marginal return from guarding against terrorism is … security among the groups against external threats and a greater conflict between them in the domestic struggle for power. …
Persistent link: https://www.econbiz.de/10005125931
The resources two rival businesses spend to raise their own chance of getting a unique monopoly license are a cost of rent-seeking. When those businesses differ in the costs of producing the monopoly good there is an additional cost of rent-seeking that has not been studied in the literature. If...
Persistent link: https://www.econbiz.de/10005125968
This paper considers the extent to which expenditure by contestants in imperfectly discriminating rent-seeking contests … contestants, we show that this effect disappears in the Nash equilibria of large contests. Similarly, strategic effects are …
Persistent link: https://www.econbiz.de/10005062377
Theoretical comparisons of the welfare consequences of tariffs, subsidies and import licenses have relied on the assumption that firms reap no private benefits from the imposition of a tariff. This paper conducts an empirical analysis of whether a recent change in U.S. antidumping law known as...
Persistent link: https://www.econbiz.de/10005408013
Countries rich in natural resources constitute both growth losers and growth winners. We claim that the main reason for these diverging experiences is differences in the quality of institutions. More natural resources push aggregate income down, when institutions are grabber friendly, while more...
Persistent link: https://www.econbiz.de/10005408250
This paper reviews public choice theories of interest groups.
Persistent link: https://www.econbiz.de/10005412468
Countries rich in natural resources constitute both growth losers and growth winners. We claim that the main reason for these diverging experiences is differences in the quality of institutions. More natural resources push aggregate income down, when institutions are grabber friendly, while more...
Persistent link: https://www.econbiz.de/10005550983
In order to analyze conflict and cooperation between a State and a non ruling group in a general equilibrium, I unite … pure rent-seeking models and economic models of conflict under an assumption of incomplete property rights. I show that a … conflict driven by a collapse of the State and one- sided rebellion due to the coexistence between a strong State and a weak …
Persistent link: https://www.econbiz.de/10005556945