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Models of political competition portray political candidates as seeking the support of the median voter to win elections by majority voting. In practice, political candidates seek supermajorities rather than majorities based on support of the median voter. We study the political benefits from...
Persistent link: https://www.econbiz.de/10013013699
Contests are situations in which a set of agents compete for a valuable object, rent or award. The present paper analyzes difference-form group contests, that is, contests fought among groups and where their probability of victory depends on the difference of their effective efforts. First, we...
Persistent link: https://www.econbiz.de/10013056899
The article discusses the origin and development of the rent-seeking theory. The interim results of the rent …-seeking theory are summarized. The main trends in the rent-seeking theory development are presented in modern conditions …
Persistent link: https://www.econbiz.de/10013026360
We examine how inequality in the endowment of secure wealth, mediated through voluntary public good provision, affects rent-seeking within and between groups. We model a scenario where two communities, each internally differentiated into rich, intermediate and poor segments, contest one another...
Persistent link: https://www.econbiz.de/10012703084
This paper measures and analyzes explicit returns to United States firms through lobbying efforts and motivated expenditures at the federal level. The dependent variables of interest in this analysis are unrecognized tax benefits and adjusted marginal tax rates. Using a combination of multiple...
Persistent link: https://www.econbiz.de/10013242470
In this paper, we study a two-stage rent-seeking game. In the first stage, contestants compete a-la-Tullock; in the second stage, the winner can resell the rent a-la-Coase. We consider a complete information Tullock game in which the contestants have different valuations for the rent. The...
Persistent link: https://www.econbiz.de/10012757031
We study the rent-seeking behaviour of political parties in a proportional representation system, where the final policy choice of the parliament is a weighted average of parties' policy positions, weights being their vote shares. We nd that parties' policy preferences and their rent levels are...
Persistent link: https://www.econbiz.de/10013079727
Government intervention often gives rise to contests and the government can influence their outcome by choosing their type. We consider a contest with two interest groups: one that is governed by a central planner and one that is not. Rent dissipation is compared under two well-known contest...
Persistent link: https://www.econbiz.de/10013061935
We examine how inequality in the endowment of secure wealth, mediated through voluntary public communities, each internally differentiated into rich, intermediate and poor segments, contest one another for the division of some rent. Any rent accruing to a community is distributed internally...
Persistent link: https://www.econbiz.de/10012792712
The existing literature has shown that special interest groups can have both growth enhancing and retarding effects on an economy. In either case it is always assumed that the nature of the special interest groups remains constant over time. The hypothesis of this paper is that a dynamic...
Persistent link: https://www.econbiz.de/10013315741