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An Experimental Analysis of Rent Seeking under Varying Competitive Conditions

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Author Info
 Anderson, Lisa R
Stafford, Sarah L

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Abstract

We test several predictions of Gradstein's (1995) rent seeking model using an experimental design that includes a variable number of participants, cost heterogeneity, and an entry fee. Consistent with theoretical predictions, cost heterogeneity and the entry fee decrease the number of participants. Overall, participation is much lower than predicted. Also consistent with Gradstein's model, we find that rent seeking expenditures increase with the number of competitors and decrease with the addition of an entry fee. Experimental results do not support the prediction that cost heterogeneity generally decreases expenditures in rent seeking contests. Copyright 2003 by Kluwer Academic Publishers

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Publisher Info
Article provided by Springer in its journal Public Choice.

Volume (Year): 115 (2003)
Issue (Month): 1-2 (April)
Pages: 199-216
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Handle: RePEc:kap:pubcho:v:115:y:2003:i:1-2:p:199-216

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  1. David Bullock & E. Rutström, 2007. "Policy making and rent-dissipation: An experimental test," Experimental Economics, Springer, vol. 10(1), pages 21-36, March. [Downloadable!] (restricted)
  2. Klaus Abbink & Jordi Brandts, 2007. "Political Autonomy and Independence: Theory and Experimental Evidence," UFAE and IAE Working Papers 689.07, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC). [Downloadable!]
  3. Alexander Matros & Wooyoung Lim & Theodore Turocy, 2009. "Raising Revenue With Raffles: Evidence from a Laboratory Experiment," Working Papers 377, University of Pittsburgh, Department of Economics, revised Feb 2009. [Downloadable!]
  4. Klaus Abbink & Jordi Brandts, 2007. "Political Autonomy and Independence: Theory and Experimental Evidence," Labsi Experimental Economics Laboratory University of Siena 013, University of Siena. [Downloadable!]
  5. Lisa R. Anderson & Beth A. Freeborn, 2008. "Varying the Intensity of Competition in a Multiple Prize Rent Seeking Experiment," Working Papers 75, Department of Economics, College of William and Mary. [Downloadable!]
  6. Robert Ritz, 2008. "Influencing rent-seeking contests," Public Choice, Springer, vol. 135(3), pages 291-300, June. [Downloadable!] (restricted)
  7. 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. [Downloadable!]
  8. John Morgan & Henrik Orzen & Martin Sefton, 2008. "Endogenous Entry in Contests," Discussion Papers 2008-08, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham. [Downloadable!]
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