2009
DOI: 10.1007/s11127-009-9555-3
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Politician preferences, law-abiding lobbyists and caps on political contributions

Abstract: All-pay auction, Campaign finance reform, Explicit ceiling, D72, C72,

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Cited by 14 publications
(9 citation statements)
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“…Che and Gale (1997) consider a contest model where contestants face individual liquidity constraints but have symmetric prize valuations. Che and Gale (1998b), Gavious et al (2002) as well as Pastine and Pastine (2010b) analyze bidders with different prize valuations. However, their models are based on the assumption that contestants have a symmetric cap.…”
Section: Introductionmentioning
confidence: 99%
“…Che and Gale (1997) consider a contest model where contestants face individual liquidity constraints but have symmetric prize valuations. Che and Gale (1998b), Gavious et al (2002) as well as Pastine and Pastine (2010b) analyze bidders with different prize valuations. However, their models are based on the assumption that contestants have a symmetric cap.…”
Section: Introductionmentioning
confidence: 99%
“…The application in their paper was lobbying. Pastine and Pastine (2010) study bid caps when the seller prefers to sell to one of the bidders (as can happen in the context of political lobbying). Without a bid cap, the equilibrium is given by [7.2].…”
Section: Bid Capsmentioning
confidence: 99%
“…This only confirms the intuition that too large asymmetry in contests is, from revenue-maximization perspective, not desirable. For recent contributions, see also Pastine and Pastine (2010) and Grossman and Dietl (2011).…”
Section: Multiple Lobbiesmentioning
confidence: 99%