… a basic model describing political contestability of rents and transfers. Let n agents confront
… of a political allocation decision. All agents who actively participate in the political contest …

… credibility to award a contestable rent (henceforth C-rent) during its period of rule is imperfect.
Again, the C-rent can be delayed and possibly … Politically contestable rents and transfers …

… Those transfers are the rents, and rent-seekers expend real resources to try to obtain those
… rent seekers, the size of the social cost can be inferred from the value of the contestable rent.” …

… Contestable rents usually are politically assigned privileges. Contestable rents can also be
… The use of protectionist policies avoids a role for government in the rent transfer (not the rent …

… studies of contestability of rents have typically investigated rent dissipation as if rents were
… This is because the present value of the contestable rent depends on the degree of rent …

… seeking, we compare Tullock with Gary Becker (1983, 1985), who proposed a theory of
political contestability of income transfers in which the focus was on deadweight losses as the …

… Given the prize contested, politically-allocated transfers are indivisibly secured by the in…
winner differ from the perceptions of competition in analyses of political-market allocation …

… seeking takes place has significant effects on the extent of rent-seeking activities. It creates
… contests for political influence. The first half of the paper develops a theory of linked rent-…

… become contestable rents that attract resources into rent … Government transfers are the
primary source of rents. The … Politically extracted rents are contestable through challenges …

… agriculture), contestable transfers where the size of the rent R is endogenous and quota
underfill can occur, risk aversion, asymmetric valuations, and perfectly discriminating contests. …