The Number of Rent-Seekers and Aggregate Rent-Seeking Expenditures: An Unpleasant Result
Abstract
The author examines a rent-seeking contest in which the winner gets a minimum rent but also gets an additional rent that is an increasing function of his lobbying expenditure. He gives real-world examples of such rent-seeking competitions. Contrary to the standard result in the rent-seeking literature, the author obtains the perverse result that aggregate rent-seeking expenditures may be inversely related to the number of rentseekers. However, he notes that, even if this result holds, the cost of administering rent-seeking competitions may imply that society is better-off with fewer contenders than with an infinitely large number of contenders, although the optimal number may not be the smallest number. Copyright 1999 by Kluwer Academic PublishersDownload Info
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Bibliographic Info
Article provided by Springer in its journal Public Choice.
Volume (Year): 99 (1999)
Issue (Month): 1-2 (April)
Pages: 57-62
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Web page: http://www.springerlink.com/link.asp?id=100332
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Subhasish Chowdhury & Roman Sheremeta, 2011.
"A generalized Tullock contest,"
Public Choice,
Springer, vol. 147(3), pages 413-420, June.
- Subhasish M. Chowdhury & Roman M. Sheremeta, 2010. "A generalized Tullock contest," Working Papers 10-08, Chapman University, Economic Science Institute.
- Subhasish M. Chowdhury & Roman M. Sheremeta, 2010.
"The Equivalence of Contests,"
Working Papers
10-07, Chapman University, Economic Science Institute.
- Subhashish Modak Chowdhury & Roman M. Sheremeta, 2009. "The equivalence of contests," Working Paper series, University of East Anglia, Centre for Behavioural and Experimental Social Science (CBESS) 09-06, School of Economics, University of East Anglia, Norwich, UK..
- Subhasish M. Chowdhury & Roman M. Sheremeta, 2010.
"Multiple Equilibria in Tullock Contests,"
University of East Anglia Applied and Financial Economics Working Paper Series
014, School of Economics, University of East Anglia, Norwich, UK..
- Chowdhury, Subhasish M. & Sheremeta, Roman M., 2011. "Multiple equilibria in Tullock contests," Economics Letters, Elsevier, vol. 112(2), pages 216-219, August.
- Subhashish Modak Chowdhury & Roman M. Sheremeta, 2010. "Multiple equilibria in Tullock contests," Working Paper series, University of East Anglia, Centre for Behavioural and Experimental Social Science (CBESS) 10-12, School of Economics, University of East Anglia, Norwich, UK..
- Giuseppe Dari-Mattiacci & Eric Langlais & Bruno Lovat & Francesco Parisi, 2007.
"Crowding-out in productive and redistributive rent-seeking,"
Public Choice,
Springer, vol. 133(1), pages 199-229, October.
- Giuseppe, Dari-Mattiacci & Bruno, Lovat & Eric, Langlais & Francesco, Parisi, 2004. "Crowding-out in productive and redistributive rent seeking," MPRA Paper 1151, University Library of Munich, Germany, revised 14 Nov 2006.
- Giuseppe Dari-Mattiacci & Eric Langlais & Bruno Lovat & Francesco Parisi, 2007. "Crowding-out in Productive and Redistributive Rent-Seeking," Working Papers of BETA 2007-02, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
- Amegashie, J. Atsu, 2001. "An all-pay auction with a pure-strategy equilibrium," Economics Letters, Elsevier, vol. 70(1), pages 79-82, January.
- J. Atsu Amegashie, 2000. "A political economy model of immigration quotas," Discussion Papers dp00-19, Department of Economics, Simon Fraser University, revised 19 Sep 2000.
- 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.
- Lisa Anderson & Beth Freeborn, 2010. "Varying the intensity of competition in a multiple prize rent seeking experiment," Public Choice, Springer, vol. 143(1), pages 237-254, April.
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