An Experimental Analysis of Rent Seeking under Varying Competitive Conditions
AbstractWe 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
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): 115 (2003)
Issue (Month): 1-2 (April)
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.
This item has more than 25 citations. To prevent cluttering this page, these citations are listed on a separate page. reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
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.