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This paper recommends a system of rewards for public officials which is linearly related to the performance of the official. The main advantage of such a system of compensation is that it serves as a regular ‘self checking’ of the performance of an official and it reduces the need for a...
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This paper discusses different forms of transfer from a group of rich individuals to a group of poor individuals. This transfer is based on the philanthropic motive of the donor, who is not indifferent to the use of his contribution. In particular, the poor individual's vector of consumption is...
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Rapoport, Felsenthal and Maoz (1988) have proposed three alternative methods to discern the fair proportion of seats that a party in a representative assembly ought to receive as a function of voters' preference orderings. All three methods assume that the ratio between the number of voters...
Persistent link: https://www.econbiz.de/10010863673
The impact of a budget constraint on individual expenditures is examined in two models of two-stage contests with homogenous and risk-neutral players competing to win a single, indivisible, commonly valued rent. The set of players is partitioned into equally sized groups. In the first model, one...
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Two variations of a two-stage rent-seeking contest are considered. In the first stage of the Between-Group model, groups compete through the expenditure of resources by their members. Based on group expenditures, one winning group is probabilistically determined. On the second stage, members of...
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