eprintid: 22381
rev_number: 11
eprint_status: archive
userid: 1482
importid: 105
dir: disk0/00/02/23/81
datestamp: 2016-09-22 09:11:51
lastmod: 2021-04-02 15:54:08
status_changed: 2016-09-22 09:11:51
type: monograph
metadata_visibility: no_search
creators_name: Schroyen, Fred
creators_name: Treich, Nicolas
creators_idrefppn: 176599940
title: The Power of Money: Wealth Effects in Contest
ispublished: pub
subjects: subjects_ECO
abstract: The relationship between wealth and power has long been debated. Nevertheless, this relationship has been rarely studied in a strategic game. In this paper, we study wealth effects in a strategic contest game. Two opposing effects arise: wealth reduces the marginal cost of effort but it also reduces the marginal benefit of winning the contest. We consider three types of contests which vary depending on whether rents and efforts are commensurable with wealth. Our theoretical analysis shows that the effects of wealth are strongly "contestdependent". It thus does not support general claims that the rich lobby more or that low economic growth and wealth inequality spur conflicts.
date: 2016-09
date_type: published
publisher: TSE Working Paper
official_url: http://tse-fr.eu/pub/30893
faculty: tse
divisions: tse
keywords: Conflict
keywords: contest
keywords: rent-seeking
keywords: wealth
keywords: risk aversion
keywords: lobbying
keywords: power
keywords: redistribution
language: en
has_fulltext: TRUE
subjectsJEL: JEL_C72
subjectsJEL: JEL_D72
view_date_year: 2016
full_text_status: public
monograph_type: working_paper
series: TSE Working Paper
volume: 16-699
pages: 48
institution: Université Toulouse Capitole
department: Toulouse School of Economics
book_title: TSE Working Paper
oai_identifier: oai:tse-fr.eu:30893
harvester_local_overwrite: department
harvester_local_overwrite: faculty
harvester_local_overwrite: pages
harvester_local_overwrite: institution
harvester_local_overwrite: creators_idrefppn
oai_lastmod: 2016-09-21T12:30:18Z
oai_set: tse
site: ut1
citation:   Schroyen, Fred and Treich, Nicolas <https://www.idref.fr/176599940>  (2016) The Power of Money: Wealth Effects in Contest.  TSE Working Paper, n. 16-699     
document_url: https://publications.ut-capitole.fr/id/eprint/22381/1/Schroyen_22381.pdf