Markets for Inuence

نویسندگان

  • Flavio M. Menezes
  • John Quiggin
چکیده

We specify an oligopoly game, where …rms choose quantity in order to maximise pro…ts, that is strategically equivalent to a standard Tullock rentseeking game. We then show that the Tullock game may be interpreted as an oligopsonistic market for in‡uence. Alternative speci…cations of the strategic variable give rise to a range of Nash equilibria with varying levels of rent dissipation.

برای دانلود رایگان متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Robust Inference with Higher Order Inuence Functions : Part II

In this paper we report the results of a simulation study designed to explore the extent to which the asymptotic results derived in our companion paper are relevant in …nite samples.

متن کامل

Colour Segmentation for the Analysis of Pigmented Skin Lesions

| In this paper a colour segmentation scheme based on two-dimensional histogram analysis and the fuzzy c-means clustering technique is presented. The method is applied to digitised epiluminescence microscopy images of pigmented skin lesions and is used for the extraction of all homogeneously coloured regions. Methods to reduce the inuence of small structures, hairs, bubbles, light re exion, and...

متن کامل

A framework for Measuring the Dynamics Connections of Volatility in Oil and Financial Markets

Investigating connections between financial and oil markets is important for investors and policy makers. This knowledge allows for appropriate decision making. In this paper, we measure the dynamic connections of selected stock markets in the Middle East with oil markets, gold, dollar index and euro-dollar and pound-dollar exchange rates during the period February 2007 to August 2019 in networ...

متن کامل

Heterogeneity and Specialization in Evolving Teams

Cooperative teams can be used to improve the performance of standard genetic programming. However, designing appropriate team member choice and cooperation mechanisms for producing successful teams is an important and sometimes di cult task. This task is complicated by the type of programs being generated. For example, programs producing boolean valued outputs can use simple voting as a coopera...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

عنوان ژورنال:

دوره   شماره 

صفحات  -

تاریخ انتشار 2009