CONTRACTS AS RENT-SEEKING DEVICES: EVIDENCE FROM GERMAN SOCCER
نویسندگان
چکیده
منابع مشابه
Short-term or long-term contracts? - A rent-seeking perspective
In this paper, rms engage in rent seeking in order to be assigned a governmental contract. We analyze how a change in the contract length a¤ects the rms rent-seeking behavior. A longer contract leads to more rent seeking at a contract assignment stage, as the rms value the contract higher. On the other hand, the contract has to be assigned less often, which of course leads to less rent seek...
متن کاملRent-Seeking and Innovation
Innovations and their adoption are the keys to growth and development. Innovations are less socially useful, but more profitable for the innovator, when they are adopted slowly and the innovator remains a monopolist. For this reason, rent-seeking, both public and private, plays an important role in determining the social usefulness of innovations. This paper examines the political economy of in...
متن کاملInuencing rent-seeking contests
This paper shows that a policy that uniformly increases contestants e¤ort costs can lead to an increase in total e¤ort. In asymmetric settings, this levels the playing eldand therefore encourages weaker players (who otherwise would have stayed out) to enter. Paradoxically, a contest designer whose only objective is to maximize total e¤ort may thus wish to make rent-seeking more di¢ cult. ...
متن کاملSequential rent seeking ∗
We consider n firms which choose rent-seeking expenditures sequentially, each player anticipating the rent-seeking expenditures that will be made by later movers. We find that the earlier movers need not make larger profits than later movers, and that aggregate profits are lower than in a game in which firms make simultaneous moves.
متن کاملInfluencing rent-seeking contests
This paper shows that a policy that uniformly increases contestants’ effort costs can lead to an increase in total effort. In asymmetric settings, this “levels the playing field” and therefore encourages weaker players (who otherwise would have stayed out) to enter. Paradoxically, a contest designer whose only objective is to maximize total effort may thus wish to make rent-seeking “more diffic...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Economic Inquiry
سال: 2014
ISSN: 0095-2583
DOI: 10.1111/ecin.12098