Democracy, rent seeking, public spending and growth
نویسندگان
چکیده
منابع مشابه
Rent-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 کاملForeign aid and rent - seeking *
Why has the macroeconomic impact of foreign aid seemingly been so poor? Is there a relationship between the widespread level of corruption and other types of rent-seeking activities and concessional assistance? To answer these questions we provide a simple game-theoretic rent-seeking model. The model has a number of implications. First, under certain circumstances, an increase in government rev...
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.
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ژورنال
عنوان ژورنال: Journal of Public Economics
سال: 2003
ISSN: 0047-2727
DOI: 10.1016/s0047-2727(01)00135-9