Committees and rent-seeking effort under probabilistic voting

被引:7
|
作者
Amegashie, JA [1 ]
机构
[1] Simon Fraser Univ, Dept Econ, Burnaby, BC V5A 1S6, Canada
关键词
Public Finance; Relative Magnitude; Committee Member; Probabilistic Vote;
D O I
10.1023/A:1019983328202
中图分类号
F [经济];
学科分类号
02 ;
摘要
Congleton (1984) shows that a rent awarded by a committee results in smaller aggregate rent-seeking expenditures than a similar rent awarded by a single administrator. This note modifies Congleton's model by considering a model in which voting is probabilistic instead of deterministic. I show that the relative magnitudes of rent-seeking expenditures could go either way depending on the relative weighted sensitivities (to rent-seeking efforts) of the committee and the single administrator. I show how the distribution of voting powers of committee members affects rent-seeking efforts. I also examine the case where there is some probability that the rent may not be awarded, if the committee is unable to reach a majority decision. My results diverge from Congleton (1984) because of the absence of majoritarian cycles in my model.
引用
收藏
页码:345 / 350
页数:6
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