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We experimentally investigate how reputational concerns affect behavior in repeated Tullock contests by comparing expenditures of participants interacting in fixed groups with the expenditures of participants interacting with randomly changing opponents. When participants receive full...
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This paper analyzes the ability of group members to cooperate in rent-seeking in a context of between-group competition. For this purpose, we develop an infinitely repeated rent-seeking model with two groups where within-group cooperation is supported through the use of a double-edged trigger...
Persistent link: https://www.econbiz.de/10014219131
We consider a simple contest game with draws where with some probability none of the contestants is selected as winner. If such an outcome occurs, then the contest is repeated in the next period unless either one of the contestants wins the prize or until a final last period is reached. Allowing...
Persistent link: https://www.econbiz.de/10014285495
The New Zealand Resource Management Act imposes a system for micro-managing the environment. The Act is typical of current state approaches to environmental protection that places heavy reliance on command and control systems in preference to market based systems. Such laws impact heavily on...
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Economic policy is modeled as the outcome of a (political) game between two interest groups. The possible ex-post (realized) outcomes in the game correspond to the proposed policies. In the literature the policies fought for are exogenous. We extend such games by allowing the endogenous...
Persistent link: https://www.econbiz.de/10001474364
This paper sheds light on the political economy of local energy politics both from a theoretical and an empirical perspective. A case study of a small town in Southern Germany (Schönau) is presented, where environmentalists have won the political contest against the regional energy monopolist...
Persistent link: https://www.econbiz.de/10013429581