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Resource Rents, Democracy and Corruption : Evidence from Sub-Saharan Africa
Arezki, Rabah - 2013
We examine the effect of the interaction between resource rents and democracy on corruption for a panel of 29 Sub …-Saharan countries during the period from 1985 to 2007. We find that higher resource rents lead to more corruption and that the effect is … suggest that the mechanisms through which resource rents affect corruption cannot be separated from political systems …
Persistent link: https://www.econbiz.de/10013092386
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On Welfare Frameworks and Catastrophic Climate Risks
Millner, Antony - CESifo - 2013
that the welfare functions traditionally used in climate economics are ill-equipped to deal with climate catastrophes in … which population size changes. Drawing on recent work in population ethics I propose an alternative welfare framework with … normatively desirable properties, which has the effect of dampening the contribution of catastrophes to welfare. …
Persistent link: https://www.econbiz.de/10010703424
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Fiscal Rules and the Opportunistic Behaviour of the Incumbent Politician : Evidence from Italian Municipalities
Bartolini, David - 2009
Previous studies on electoral competition show that fiscal variables are manipulated by incumbent politicians in order to be re-elected. This phenomenon has been addressed by the literature on electoral budget cycle and, in a decentralised economy, by the literature on yardstick competition. Our...
Persistent link: https://www.econbiz.de/10012763990
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Can Lower Tax Rates Be Bought? Business Rent-Seeking and Tax Competition Among U.S. States
Chirinko, Robert S. - 2010
The standard model of strategic tax competition assumes that government policymakers are perfectly benevolent, acting solely to maximize the utility of the representative resident in their jurisdiction. We depart from this assumption by allowing for the possibility that policymakers also may be...
Persistent link: https://www.econbiz.de/10013141085
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Supermajorities and Political Rent Extraction
Kauder, Bjoern - 2015
Models of political competition portray political candidates as seeking the support of the median voter to win elections by majority voting. In practice, political candidates seek supermajorities rather than majorities based on support of the median voter. We study the political benefits from...
Persistent link: https://www.econbiz.de/10013013699
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Heterogeneity in Rent-Seeking Contests with Multiple Stages : Theory and Experimental Evidence
Hörtnagl, Tanja; Kerschbamer, Rudolf; Stracke, Rudi; … - 2021
This paper investigates how heterogeneity in contestants’ investment costs affects the competition intensity in a dynamic elimination contest. Theory predicts that the absolute level of investment costs has no effect on the competition intensity in homogeneous interactions. Relative cost...
Persistent link: https://www.econbiz.de/10013315707
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Policy Persistence and Rent Extraction
Friedrich, Silke - 2021
The existing literature has shown that special interest groups can have both growth enhancing and retarding effects on an economy. In either case it is always assumed that the nature of the special interest groups remains constant over time. The hypothesis of this paper is that a dynamic...
Persistent link: https://www.econbiz.de/10013315741
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An Experimental Investigation of Colonel Blotto Games
Chowdhury, Subhasish M.; Kovenock, Dan; Sheremeta, Roman M. - 2021
This article examines behavior in the two-player, constant-sum Colonel Blotto game with asymmetric resources in which players maximize the expected number of battlefields won. The experimental results support all major theoretical predictions. In the auction treatment, where winning a...
Persistent link: https://www.econbiz.de/10013316350
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Evolutionarily Stable Preferences in Contests
Leininger, Wolfgang - 2021
We define an indirect evolutionary approach formally and apply it to (Tullock) contests. While it is known (Leininger, 2003) that the direct evolutionary approach in the form of finite population ESS (Schaffer, 1988) yields more aggressive behavior than in Nash equilibrium, it is now shown that...
Persistent link: https://www.econbiz.de/10013316503
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The Economic Effects of Constitutions : Replicating - and Extending - Persson and Tabellini
Blume, Lorenz; Müller, Jens; Voigt, Stefan; Wolf, Carsten - 2021
Persson and Tabellini (2003) show that presidential regimes and majoritarian election systems have important effects on fiscal policy, government effectiveness and productivity. Here, their dataset is extended in a number of ways: the number of countries included is increased from 85 to up to...
Persistent link: https://www.econbiz.de/10013317083