Employer’s Information and Promotion-Seeking Activities This paper presents a model in which promotion of employees within the internal firm hierarchy is determined by the individuals’ allocation of time between promotion/rent-seeking and productive activity. We consider the effect of an increase in the employer’s knowledge (information) regarding the employees’ productivity levels on the total...

We analyze multi-market interactions between firms which must invest limited budgets in value (surplus) creation as well as in competitive rent-seeking activities. Firms are differentiated on a line segment and compete for multiple markets/prizes which differ in the relative effectiveness of each firm’s competitive rent-seeking spending. Each firm faces a dual trade-off: First they must choose ...

I provide an economic model with endogenous movements in TFP as a tool for understanding a rationale behind the productivity decline in New Zealand. Cohort quality, measured by a country's human capital distribution determines opportunities for growth. Vintages of human skills are subject to network effects. These network effects, while important for productivity, have the side effect of introd...

We report an experiment designed to evaluate the impact of loss aversion on rent-seeking contests. We find, as theoretically predicted, a negative relationship between rent-seeking expenditures and loss aversion. However, for any degree of loss aversion, levels of rent-seeking expenditure are higher than predicted. Moreover, we find that the effect of loss aversion becomes weaker with repetitio...

The absence of a competitive market may enable public-sector workers to extract rents from taxpayers in the form of high pay, especially when public-sector workers are unionized. On the other hand, this rent extraction may be suppressed by the ability of taxpayers to vote with their feet, leaving jurisdictions where public-sector workers extract high rents. However, although migration of taxpay...

Multidimensional conflicts in farmland expropriation originate from the game of multidimensional interests between local government and farmers. The strategy choices equilibrium results two sides have evolved with changes to situation policy adjustments. Focusing on different types conflicts, this paper constructs a multistage Van Damme’s model expropriation, analyzes stable point behavior evol...

The study concerns rent seeking in the allocation of the Structural Funds for cultural development in the region of Calabria. The Regional planning following the European guidelines was very complex. Own cultural axis, officially oriented to promote tourism, consisted of three measures, each oriented to four goals, with five strategies for each goal and seven specific actions, each articulate i...

weak economic performance that has been observed in countries with rich natural resources is called resource curse. there have been many studies on resource curse, especially the adverse effects of this phenomenon on economic growth. income inequality or unfair distribution of income is one of the main characteristics of resource rich countries. but, there has not been much research on the effe...