Politics of Randomness
Gil Epstein and
Shmuel Nitzan
No 803, CESifo Working Paper Series from CESifo
Abstract:
The main drawback of the public-policy contest is that the notion of contest success function, a crucial component of the contest model, does not have micro-foundations and, therefore, the random behavior of the government seems ad-hoc. In the present paper we propose a partial micro-foundation for the public-policy contest. The possible rationalization of random government behavior is illustrated in the case of the all-pay auction and Tullock's lottery logit functions. We also clarify how stake asymmetry, lobbying-skill asymmetry and return to lobbying effort determine the relative desirability, from the government's point of view, of these CSFs
Keywords: interest groups; policy makers; lobbying; public-policy contests; contest success function; rationalization of random government's behavior (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (14)
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Related works:
Journal Article: The Politics of Randomness (2006) 
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_803
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