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<Para ID="Par1">This paper presents a theory of political instability in autocracies where the disenfranchised express … shocks may trigger costly political action when the autocrat chooses to create rents through regulation that deteriorates the … the magnitude of the effect depends on the extent to which business regulation is market-distorting. Copyright Springer …
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We study a model of imperfectly discriminating contests with two ex ante symmetric agents. We consider four institutional settings: Contestants move either sequentially or simultaneously and in addition their types are either public or private information. We find that an effort-maximizing...
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We consider a variant of the Tullock rent-seeking contest. Under symmetric information we determine equilibrium strategies and prove their uniqueness. Then, we assume contestants to be privately informed about their costs of effort. We prove existence of a pure-strategy equilibrium and provide a...
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