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This paper analyzes iterated incumbency contests with heterogeneous valuations in a large population setting …
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A major contribution of the public-choice school is the recognition by Gordon Tullock that contestable rents give rise to social losses because of unproductive resource use. Contestable rents usually are politically assigned privileges. Contestable rents can also be found outside of government...
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comprises of intra - group contests, followed by an inter-group contest in the second stage. Rewards accrue only to the members … the second stage than winners. In contrast to previous frameworks of sequential contests, we show that a prior win may be …
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