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Rent-seeking with asymmetric valuations: Addition or deletion of a player

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  • Alexander Matros

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Abstract

We consider an extension of Tullock's (1980) N-player contest under which prize valuations may vary across players. We show that the pure-strategy equilibrium of this contest is unique. We also establish the following results: rent dissipation increases, individual winning probabilities decrease, and individual spending either increases or decreases with the addition of a player. Copyright Springer Science+Business Media, B.V. 2006

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File URL: http://hdl.handle.net/10.1007/s11127-006-9037-9
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Bibliographic Info

Article provided by Springer in its journal Public Choice.

Volume (Year): 129 (2006)
Issue (Month): 3 (December)
Pages: 369-380

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Handle: RePEc:kap:pubcho:v:129:y:2006:i:3:p:369-380

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Web page: http://www.springerlink.com/link.asp?id=100332

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  1. Nitzan, Shmuel, 1994. "Modelling rent-seeking contests," European Journal of Political Economy, Elsevier, vol. 10(1), pages 41-60, May.
  2. Nti, Kofi O, 1999. " Rent-Seeking with Asymmetric Valuations," Public Choice, Springer, vol. 98(3-4), pages 415-30, March.
  3. Stein, William E, 2002. " Asymmetric Rent-Seeking with More Than Two Contestants," Public Choice, Springer, vol. 113(3-4), pages 325-36, December.
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Cited by:
  1. Kovenock, Dan & Roberson, Brian, 2009. "Non-partisan 'Get-out-the-vote' efforts and policy outcomes," Discussion Papers, Research Unit: Market Processes and Governance SP II 2009-07, Social Science Research Center Berlin (WZB).
  2. Haruo Imai & Hannu Salonen (corresponding author), 2012. "Bargaining and Rent Seeking," Discussion Papers 80, Aboa Centre for Economics.
  3. Matros, Alexander, 2012. "Sad-Loser contests," Journal of Mathematical Economics, Elsevier, vol. 48(3), pages 155-162.
  4. Lambert Schoonbeek, 2009. "Bribing potential entrants in a rent-seeking contest," Public Choice, Springer, vol. 139(1), pages 153-158, April.
  5. Robert Ritz, 2008. "Influencing rent-seeking contests," Public Choice, Springer, vol. 135(3), pages 291-300, June.
  6. Wenzel, Tobias, 2013. "Independent service operators in ATM markets," DICE Discussion Papers 96, Heinrich‐Heine‐Universität Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
  7. Giuseppe Dari-Mattiacci & Eric Langlais & Bruno Lovat & Francesco Parisi, 2013. "Asymmetries in Rent-Seeking," EconomiX Working Papers 2013-5, University of Paris West - Nanterre la Défense, EconomiX.

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