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Many economic and political decisions are the outcome of strategic contests for a given prize. The nature of such contests can be determined by a designer who is driven by political considerations with a specific political culture. The main objective of this study is to analyze the effect of...
Persistent link: https://www.econbiz.de/10010274763
This paper evaluates differential prize taxation and structural discrimination as a means of increasing efforts in the most widely studied contests. We establish that a designer who maximizes efforts subject to a balanced-budget constraint prefers dual discrimination, namely, change of the...
Persistent link: https://www.econbiz.de/10010282059
Collective contests are examined permitting heterogeneity of stakes within every competing group. Our first concern is whether unequal distribution of stakes in a group can enhance its win probability. Our second concern is whether a large stake in a group can be individually disadvantageous. We...
Persistent link: https://www.econbiz.de/10010291549
, lobbies are assumed to act as 'principals' and the setters of the policy (the candidates in a Downsian electoral competition … or the elected policy maker in a citizen- candidate model of electoral competition) are conceived as 'agents'. In the …
Persistent link: https://www.econbiz.de/10010261146