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The Number of Rent-Seekers and Aggregate Rent-Seeking Expenditures: An Unpleasant Result

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  • Amegashie, J Atsu

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 Publishers

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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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Handle: RePEc:kap:pubcho:v:99:y:1999:i:1-2:p:57-62

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

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Cited by:
  1. 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.
  2. Chowdhury, Subhasish & Sheremeta, Roman, 2014. "Strategically Equivalent Contests," MPRA Paper 55450, University Library of Munich, Germany.
  3. 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.
  4. Subhashish Modak Chowdhury, 2009. "The all-pay auction with non-monotonic payoff," Working Paper series, University of East Anglia, Centre for Behavioural and Experimental Social Science (CBESS) 09-09, School of Economics, University of East Anglia, Norwich, UK..
  5. 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.
  6. 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..
  7. Subhasish Chowdhury & Roman Sheremeta, 2011. "A generalized Tullock contest," Public Choice, Springer, vol. 147(3), pages 413-420, June.
  8. Amegashie, J. Atsu, 2001. "An all-pay auction with a pure-strategy equilibrium," Economics Letters, Elsevier, vol. 70(1), pages 79-82, January.
  9. YILDIRIM, Mustafa, 2013. "Accuracy in Contests: Players' Perspective," Working Paper Series in Economics and Finance 746, Stockholm School of Economics, revised 24 Sep 2013.

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