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A General Analysis of Rent-Seeking Games

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  • Perez-Castrillo, J David
  • Verdier, Thierry

Abstract

In this paper, the authors reconsider the basic model of "efficient rent-seeking." They stress the importance of the shape of the players' reaction curve in order to understand the impact of the technology of rent-seeking on the structure of the outcome of the game. The authors give a complete characterization of the pure strategy equilibria. Moreover, the possibility of preemption by a Stakelberg leader is discussed according to the nature of the technology of rent-seeking available to the agents. Copyright 1992 by Kluwer Academic Publishers

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Bibliographic Info

Article provided by Springer in its journal Public Choice.

Volume (Year): 73 (1992)
Issue (Month): 3 (April)
Pages: 335-50

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Handle: RePEc:kap:pubcho:v:73:y:1992:i:3:p:335-50

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

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