Competing for Loyalty: The Dynamics of Rallying Support

• 成果类型: Article
• 署名作者: Iaryczower, Matias; Oliveros, Santiago
• 署名单位: Princeton University; University of Essex
• 刊物名称: AMERICAN ECONOMIC REVIEW
• ISSN/ISSBN: 0002-8282
• DOI: 10.1257/aer.20150755
• 发表日期: 2017
• 页码: 2990-3005
• 关键词: FREE-RIDER PROBLEM; public-goods; naked exclusion; externalities; COORDINATION; POWER; legislatures; games

摘要

We consider a class of dynamic collective action problems in which either a single principal or two competing principals vie for the support of members of a group. We focus on the dynamic problem that emerges when agents negotiate and commit their support to principals sequentially. We show that competition reduces agents' welfare with public goods, or if and only if there are positive externalities on uncommitted agents, and increases agents' welfare with public bads. We apply the model to the study of corporate takeovers, vote buying, and exclusive deals.