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We develop a dynamic model of political competition. Each party has a policymotivated ideological wing and an office …
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We develop a dynamic model of political competition. Each party has a policymotivated ideological wing and an office …
Persistent link: https://www.econbiz.de/10003935643
microfoundations, the welfare consequences of rent seeking can be studied. In particular, I show that competition among rent seekers …
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. Firms respond to increased competition with an increased effort to obfuscate, rather than with more competitive pricing. As … the quality of each dimension, and there are diminishing returns to quality, increased competition implies an efficiency …
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competition causes firms to increase their effort to obfuscate, instead of increasing their effort to be more competitive. As a …
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