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This paper studies a large class of imperfectly discriminating contests, referred to as elastic contests, that induce players to either overbid a standing bid or to abstain from bidding altogether. Many common forms of contest are elastic. In any equilibrium of an elastic contest, there is...
Persistent link: https://www.econbiz.de/10010360312
, political lobbying, electoral competition, optimally biased contests, the empirical analysis of rent-seeking, and dynamic …
Persistent link: https://www.econbiz.de/10011538607
This paper considers rent-seeking games in which a small percentage change in a player's bid has a large percentage impact on her odds of winning, i.e., on the ratio of her respective probabilities of winning and losing. An example is the Tullock contest with a high R. The analysis provides a...
Persistent link: https://www.econbiz.de/10010472556
This paper studies a large class of imperfectly discriminating contests, referred to as elastic contests, that induce players to either overbid a standing bid or to abstain from bidding altogether. Many common forms of contest are elastic. In any equilibrium of an elastic contest, there is...
Persistent link: https://www.econbiz.de/10013054257
licensing, political lobbying, electoral competition, optimally biased contests, the empirical analysis of rent-seeking, and …
Persistent link: https://www.econbiz.de/10011674146
institutional trap. Moreover, the intensity of rent-seeking behavior increases both with progressive redistribution of wealth and …
Persistent link: https://www.econbiz.de/10013043892
Persistent link: https://www.econbiz.de/10012220083
clarify how stake asymmetry, lobbying-skill asymmetry and return to lobbying effort determine the relative desirability, from …
Persistent link: https://www.econbiz.de/10011513996
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
become about issues before interest groups engage in monetary lobbying. For a range of issues, the policymaker prefers to … remain clueless about the merits of reform, even when acquiring expertise or better information is costless. Such a strategy … leads to intense lobbying competition and larger political contributions. We identify a novel benefit of campaign finance …
Persistent link: https://www.econbiz.de/10011295605