We consider the impact of merger on the equilibrium price and quality of products. Consumer demand for both products depends not only on own price and quality, but also on the price and quality of the other product. We consider both the case in which the merging firms produce gross complements,...

This essay evaluates two provisions in the Bipartisan Campaign Reform Act (BCRA): raising contribution limits and banning soft money. The model highlights the importance of marginal cost ratios for candidates and their parties. The results suggest that raising contribution limits protects...

This article analyzes voter mobilization and interest group activity within a citizen-candidate model. Interest groups influence the decisions of 'high cost' voters by running a 'get out the vote' campaign. Membership fees paid by citizens joining an interest group finance the vote drives....

We use multilateral bargaining experiments to examine how the order of bargaining (simultaneous or sequential) and the nature of contracts (contingent or non-contingent) affect the duration of bargaining, the efficiency of exchange, and the distribution of the surplus in a laboratory...

Citizen candidate models represent a significant advance in the analysis of public choice. They provide added realism to models of endogenous policy formation, relate the number of candidates to the benefits and costs associated with electoral competition and support equilibria with...

This paper presents a two-stage team rent-seeking model with a contest prize that is not excludable among winning team members. When early effort is a perfect substitute for late effort, early actors can free ride on their late-moving teammates. However, when early and late efforts are...

This article develops a citizen-candidate model with sequential elections. The model highlights the strategic considerations associated with the primary process, which hinge on the preferences of party members, in particular the party medians and the party boundaries. It is shown that although...