Öncüler, Ayse; Croson, Rachel - In: Journal of Theoretical Politics 17 (2005) 4, pp. 403-429
Rent-seeking models have been used to predict and explain a wide variety of political decisions. This paper extends Tullock’s classic rent-seeking model to the case of a risky rent, where the winner of the rent-seeking contest does not receive the rent for sure, but only...