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The Dynastic Transmission of Power, Exit Options and the Coevolution of Rent-Seeking Elites
Silve, Arthur; Verdier, Thierry - 2023
We introduce a dynamic model that investigates the persistence and evolution of elite-dominated societies, where inherited political capital determines one’s social standing. Our analysis highlights the critical role of the distribution of exit options in the evolution of political...
Persistent link: https://www.econbiz.de/10014356609
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The Distributional Consequences of Rent Seeking
Angelopoulos, Angelos - 2019
Rent seeking leads to a misallocation of resources that worsens economic outcomes and reduces aggregate welfare. We conduct a quantitative examination of the distributional effects of rent extraction via the financial sector. Rent seeking introduces a possibility for insurance against...
Persistent link: https://www.econbiz.de/10012861439
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Efficiency and Equity : A General Equilibrium Analysis of Rent-Seeking
Heijdra, Ben J.; Heijnen, Pim - 2021
We study the rent-seeking phenomenon using a simple, static general equilibrium model. The economy consists of two sectors, both employing a constant returns-to-scale technology with labor as its sole input. One of the sectors is a monopoly, where a continuum of agents compete for a share of...
Persistent link: https://www.econbiz.de/10013322787
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The Economics of Politically Connected Firms
Choi, Jay Pil; Thum, Marcel P. - 2021
Political connections between firms and autocratic regimes are not secret and often even publicly displayed in many developing economies. We argue that tying a firm's available rent to a regime's survival acts as a credible commitment forcing entrepreneurs to support the government and to exert...
Persistent link: https://www.econbiz.de/10013317003
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Language as a Renewable Resource : Import, Dissipation, and Absorption of Innovations
Wickström, Bengt-Arne - 2021
temporal side of the different processes interacting to produce a change in the structure of the language. That is, the rate of … import and dissipation of new elements is seen in relation to the rate at which a language absorbs such new elements into its … how the structural type of a language might influence its rate of adaptation of the external innovations and how the …
Persistent link: https://www.econbiz.de/10013315865
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Political parties and network formation
Miettinen, Topi; Poutvaara, Panu - 2006
We argue that anticorruption laws may provide an efficiency rationale for why political parties should meddle in the distribution of political nominations and government contracts. Anticorruption laws forbid trade in spoils that politicians distribute. However, citizens may pay for gaining...
Persistent link: https://www.econbiz.de/10010261414
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Persuasion as a contest
Skaperdas, Stergios; Vaidya, Samarth - 2007
From marketing and advertising to political campaigning and court proceedings, contending parties expend resources to persuade an audience of the correctness of their view. We examine how the probability of persuading the audience depends on the resources expended by the parties, so that...
Persistent link: https://www.econbiz.de/10010264260
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Socially-tolerable discrimination
Amegashie, J. Atsu - 2008
History is replete with overt discrimination on the basis of race, gender, age, citizenship, ethnicity, marital status, academic performance, health status, volume of market transactions, religion, sexual orientation, etc. However, these forms of discrimination are not equally tolerable. For...
Persistent link: https://www.econbiz.de/10010264357
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Yardstick competition, corruption, and electoral incentives
Long, Ngo Van; Sengupta, Bodhisattva - 2008
This paper investigates the relationship between electoral incentives, institutions and corruption. We assume that voters use a yardstick criterion. The incumbent provides a public good and extracts rent, which are financed by imposing a distortionary tax. We demonstrate the possibility that...
Persistent link: https://www.econbiz.de/10010264395
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Urban squatting with rent-seeking organizers
Brueckner, Jan K. - 2012
This paper extends a new line of research on urban squatting that focuses on the role of the squatter organizer. The model replaces the benevolent organizer from previous studies with a collection of competing, rent-seeking squatter organizers, a structure that may offer a realistic picture of...
Persistent link: https://www.econbiz.de/10010288251