Endogenous Public Policy and Contests

The Basic Contest.- The Policy Contest.- Contest Rationalization ? Microfoundations.- The Extended Contest: With Government.- Endogenous Public Policy.- Culture, Politicization and Relative Rent Dissipation.- Lobbying and Compromise.- The Policy Effect.- Effort and Performance.- Prizes (Size and Distribution) and Efforts.- Asymmetry and Corrective Public Policy.- The Extended Contest: Without Government.- The Social Cost of Rent Seeking when Consumer Opposition Influences Monopoly Behavior.- Strategic Restraint.- Applications.- Monopoly-price Determination.- Privatization.- Migration Policy.- Minimum Wage.- Tournaments.