A Generalized Model of Rent-Seeking Behavior
AbstractIn this paper, the author presents a formal analysis of rent-seeking games in which the players' valuations for the prize are represented as vectors. The players in this game are risk neutral and may not be indifferent to who wins the contestable rent if it is someone else. Both G. Tullock's (1967) original rent-seeking model and the public goods rent-seeking model by E. Katz, S. Nitzan, and J. Rosenberg (1990). turn out to be special cases of this more general model. Copyright 1993 by Kluwer Academic Publishers
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Bibliographic InfoArticle provided by Springer in its journal Public Choice.
Volume (Year): 77 (1993)
Issue (Month): 2 (October)
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Web page: http://www.springerlink.com/link.asp?id=100332
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- Ian A. MacKenzie, 2009. "Controlling externalities in the presence of rent seeking," CER-ETH Economics working paper series 09/111, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
- Bettina Klose & Dan Kovenock, 2012.
"Extremism Drives Out Moderation,"
12-10, Chapman University, Economic Science Institute.
- Esteban, Joan & Ray, Debraj, 1999. "Conflict and Distribution," Journal of Economic Theory, Elsevier, vol. 87(2), pages 379-415, August.
- Konrad, Kai A., 2007. "Strategy in contests: an introduction," Discussion Papers, Research Unit: Market Processes and Governance SP II 2007-01, Social Science Research Center Berlin (WZB).
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