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type. We consider a contest with two interest groups: one that is governed by a central planner and one that is not. Rent … dissipation is compared under two well-known contest success functions: the generalized logit and the all-pay auction. We also … resources invested in the contest. …
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type. We consider a contest with two interest groups: one that is governed by a central planner and one that is not. Rent … dissipation is compared under two well-known contest success functions: the generalized logit and the all-pay auction. We also … resources invested in the contest. …
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Explanations are provided for why governments do as they do in agriculture. Alternative frameworks are assessed to explain government policy including collective action and politician-voter interaction models. Several key patterns of policies are analyzed including the “developmental...
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In a contest group - specific public goods we consider the effect that managing an interest group has on the rent … dissipation and the total expected payoffs of the contest. While in the first group, there is a central planner determining its … members' expenditure in the contest, in the second group there are two different possibilities: either all the members are …
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