less clear. Using a contest model, this paper investigates the pure incentive effects of external recruiting. Our results …External recruiting at least weakly improves the quality of the pool of applicants, but the incentive implications are … discouragement of low ability workers, the firm will benefit from external recruiting. If, however, the discouragement effect …

investigate the incentives to expend effort for a prize that produces consumption externalities and consider alternative … regulatory policies. We find relatively more global consumption externalities will increase (decrease) rent seeking when … consumption externalities are negative (positive). We show how introducing Pigouvian taxation (possibly with revenue transfer) and …