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On the optimal size of public sector under rent-seeking competition from state coffers
Park, Hyun; Philippopulos, Apostolēs; Vassilatos, Vanghelis - 2003
This paper incorporates competition for fiscal transfers (or, equivalently, rent seeking from state coffers) into a standard general equilibrium model of economic growth and endogenously chosen fiscal policy. The government generates tax revenues, but then each selfinterested individual agent...
Persistent link: https://www.econbiz.de/10011508090
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Where are the rent seekers?
Hillman, Arye L.; Ursprung, Heinrich W. - 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/10011447512
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Politics of randomness
Epstein, Gil S.; Nitsan, Shemuʾel - 2002
clarify how stake asymmetry, lobbying-skill asymmetry and return to lobbying effort determine the relative desirability, from …
Persistent link: https://www.econbiz.de/10011513996
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Strategic restraint in contests
Epstein, Gil S.; Nitsan, Shemuʾel - 2000
lobbying activities. …
Persistent link: https://www.econbiz.de/10009781546
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Insecure property rights and the missing middle
Grigoryan, Aram; Polborn, Mattias - 2018
We analyze a theoretical model in which entrepreneurs' property rights are threatened by "raiders" who can challenge them to a contest for control of their firms. Entrepreneurs have heterogeneous productivity, and decide how much capital to invest before raiders decide whom to attack. In...
Persistent link: https://www.econbiz.de/10011897580
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Individual behavior and collective action : the path to Iceland's financial collapse
Thorvaldur Gylfason; Gylfi Zoega - 2019
, a failure due, at least in Iceland, to a combination of mistakes, incompetence and what can only be called corruption …
Persistent link: https://www.econbiz.de/10012110219
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Contests among bureaucrats
Bös, Dieter - 2002
This paper deals with double lobbying: several bureaucrats participate in joint lobbying to get a high total … departmental budget, but they also engage in antagonistic lobbying to reap as high a share of the total budget as possible. The … antagonistic lobbying constitutes a contest among the bureaucrats. This paper characterizes the Nash equilibria in lobbying and …
Persistent link: https://www.econbiz.de/10011514012
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Political culture and monopoly price determination
Epstein, Gil S.; Nitsan, Shemuʾel - 2002
components: expected social welfare and lobbying efforts. The welfare component has a positive or no effect on the utility while … the lobbying efforts have a positive, negative or no effect on the utility (ii) introducing the political culture of the …
Persistent link: https://www.econbiz.de/10011408927
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Can lower tax rates be bought? : business rent-seeking and tax competition among US States
Chirinko, Robert S.; Wilson, Daniel J. - 2010
allowing for the possibility that policymakers also may be influenced by the rent-seeking (lobbying) behavior of businesses …
Persistent link: https://www.econbiz.de/10003985850
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Policy persistence and rent extraction
Friedrich, Silke - 2013
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/10009766682