Bullock, David; Rutström, E. - In: Experimental Economics 10 (2007) 1, pp. 21-36
We present a transfer-seeking model of political economy that links the theory of Becker (1983) with Tullock-type models of politically contestable rents. In our model the size of the transfer is determined endogenously, and over-dissipation of rents is predicted even under conditions of...