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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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Political Culture and Discrimination in Contests
Epstein, Gil S. - 2010
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/10013138016
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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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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/10013100942
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Institutionalized Bailouts and Fiscal Policy : The Consequences of Soft Budget Constraints
Fink, Alexander - 2010
States have soft budget constraints when they can expect a bailout by the federal government in the event of a financial crisis. This gives rise to incentives for unsound state fiscal policy. We test whether states with softer budget constraints have higher debt and deficits, receive more...
Persistent link: https://www.econbiz.de/10013150672
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Rent-Seeking Competition from State Coffers : A Calibrated DSGE Model of the Euro Area
Angelopoulos, Konstantinos - 2006
This paper incorporates an uncoordinated struggle for extra fiscal favors into an otherwise standard Dynamic Stochastic General Equilibrium model. This reflects the popular belief that interest groups compete for privileged transfers and tax treatment at the expense of the general public...
Persistent link: https://www.econbiz.de/10012781542
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Rent Seeking : The Social Cost of Contestable Benefits
Hillman, Arye L. - 2017
-transparent ways. These restraints are not present in autocracies, where rent seeking is also facilitated by corruption and by the need …
Persistent link: https://www.econbiz.de/10012954832
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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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Resource Rents, Power, and Political Stability
Bjorvatn, Kjetil - 2014
We study the association between resource rents and political stability, highlighting the importance of the distribution of political power as a mediating factor. We present a simple theoretical model showing that increased rents are likely to be positively associated with the stability of a...
Persistent link: https://www.econbiz.de/10013054959
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Where are the Rent Seekers?
Hillman, Arye L. - 2016
In a remarkably simple and yet in one of the most original and insightful observations of 20th century economics, Gordon Tullock observed that there are efficiency losses when public policies and political behavior create contestable rents. Tullock also observed that social losses from...
Persistent link: https://www.econbiz.de/10012994080