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The present paper analyzes situations in which groups compete for rents. A major result in the literature has been that there are both cases where larger groups have advantages and cases where they have disadvantages. The paper provides two intuitive criteria which for groups with homogenous...
Persistent link: https://www.econbiz.de/10009011374
We analyze a contest between two groups where group members have differing valuations for the contested rent. Generically the pivotal group member with the median valuation of the rent will not act himself but will want to send a group member that has preferences different to her own into the...
Persistent link: https://www.econbiz.de/10003300999
This paper reviews some reasons why natural resource abundance and extensive agriculture appear to impede economic … heavy dependence on natural resources and agriculture may result in rent seeking (e.g., corruption) and policy failures (e …
Persistent link: https://www.econbiz.de/10009781590
This paper explores the impact of undocumented as opposed to documented immigration in a model featuring search frictions and non-random hiring that is consistent with novel empirical evidence presented. In this framework, undocumented immigrants' wages are the lowest of all workers due to their...
Persistent link: https://www.econbiz.de/10011688026
Even when labour mobility is low, international integration affectslabour markets by making jobs more mobile. This runs via product market integration, which is an essential element of European integration. Increasing job mobility aects the possibilities single countries perceive in pursuing...
Persistent link: https://www.econbiz.de/10011400674
Persistent link: https://www.econbiz.de/10003364298
This paper identifies globalization as a factor behind the rapid increase in executive compensation and inequality over the last few decades. Employing comprehensive data on top executives at major U.S. companies, we show that compensation is higher at more global firms. We find that pay...
Persistent link: https://www.econbiz.de/10011741873
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/10003985850
We analyze Nash equilibria of share and probabilistic contests when players have distributional preferences. If players are sufficiently similar, distributional preferences create multiple equilibria. For the case of only mildly heterogeneous players, equilibrium effort can be lower as well as...
Persistent link: https://www.econbiz.de/10009727108
Immigration policy can have important net fiscal effects that vary by immigrants' skill level. But mainstream methods to estimate these effects are problematic. Methods based on cash-flow accounting offer precision at the cost of bias; methods based on general equilibrium modeling address bias...
Persistent link: https://www.econbiz.de/10012697117