A rent or transfer is politically contestable when policy decisions are subject to influence by potential beneficiaries and losers. This paper studies contestablility of rents and transfers when contenders place different valuations on the politically allocated prize. Asymmetric valuation...

The literature on quid pro quo foreign direct investment describes how unwarranted investment may be undertaken because of the endogeneity of trade policy. The quid pro quo is that foreign producers, who are exporters to the host economy, invest in return for a liberal trade policy. We describe...