Showing 11 - 20 of 50,317
Persistent link: https://www.econbiz.de/10008657575
’ policy choices by transferring money to them. We observe very high levels of redistribution – even when transfers to …
Persistent link: https://www.econbiz.de/10008527327
Two wealth effects typically arise in any contest: i) wealth decreases the marginal cost of effort, but also ii) decreases the marginal benefit of winning the contest. In this paper, we introduce three types of strategic contest models depending on whether the first, second, or both wealth...
Persistent link: https://www.econbiz.de/10010818853
We study the interaction between competitive markets and income redistribution that reallocates unequal pre-tax market … (DA) with exogenous zero or full redistribution. In another setup, after trading, they vote on redistributive tax policies … in a majoritarian election with two competing candidates. This results in virtually full redistribution, even when …
Persistent link: https://www.econbiz.de/10011056101
Persistent link: https://www.econbiz.de/10011091655
redistribution and retraining - that arguably characterize many reform packages. We analyse the interaction of compensatory …. Conversely, it may be possible for an economic reform to win political support in the absence of compensatory redistribution … redistribution and retraining programmes, and demonstrate that the provision of redistributive programmes might distort incentives …
Persistent link: https://www.econbiz.de/10011654037
by focusing on reapportionment associated with the electoral reform in Japan. First, we show that the reform of 1994 …
Persistent link: https://www.econbiz.de/10014184145
, political lobbying, electoral competition, optimally biased contests, the empirical analysis of rent-seeking, and dynamic …
Persistent link: https://www.econbiz.de/10011663167
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/10011282491
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/10011282520