Efficient Rent-Seeking in Experiment
AbstractIn a series of experiments we show that people learn to play the efficient outcome in an open-ended rent-seeking game. This result persists despite quite different experiment environments and designs, like different propensities of competition, group sizes etc., and is interpretable as a resolution of the so-called Tullock paradox which states that real-world rent-seeking expenditures are much lower than what the standard rent-seeking model predicts. Copyright 2002 by Kluwer Academic Publishers
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Springer in its journal Public Choice.
Volume (Year): 110 (2002)
Issue (Month): 1-2 (January)
Contact details of provider:
Web page: http://www.springerlink.com/link.asp?id=100332
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Oliver Kirchkamp,, 2006.
"Less fighting than expected — experiments with wars of attrition and all-pay auctions,"
CRIEFF Discussion Papers
0607, Centre for Research into Industry, Enterprise, Finance and the Firm.
- Hannah Hörisch & Oliver Kirchkamp, 2008. "Less fighting than expected - experiments with wars of attrition and all-pay auctions," Jena Economic Research Papers 2008-023, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
- Hannah Hörisch & Oliver Kirchkamp, 2010. "Less fighting than expected," Public Choice, Springer, vol. 144(1), pages 347-367, July.
- Robin Chark & Amnon Rapoport & Rami Zwick, 2011. "Experimental comparison of two multiple-stage contest designs with asymmetric players," Public Choice, Springer, vol. 147(3), pages 305-329, June.
- Miguel A. Fonseca, 2006. "It's not how you play the game, it's winning that matters: an experimental investigation of asymmetric contests," DOCUMENTOS DE CERAC 002927, CERAC -CENTRO DE RECURSOS PARA EL ANÁLISIS DE CONFLICTOS-.
- Benedikt Herrmann & Henrik Orzen, 2008.
"The appearance of homo rivalis: Social preferences and the nature of rent seeking,"
2008-10, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
- Benedikt Herrmann & Henrik Orzen, 2008. "The appearance of homo rivalis: Social preferences and the nature of rent seeking," Discussion Papers 2008-10, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
- Weimann, Joachim & Yang, Chun-Lei & Vogt, Carsten, 2000. "An experiment on sequential rent-seeking," Journal of Economic Behavior & Organization, Elsevier, vol. 41(4), pages 405-426, April.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Guenther Eichhorn) or (Christopher F. Baum).
If references are entirely missing, you can add them using this form.