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Collective Rent Dissipation

  • Nitzan, Shmuel

This paper generalizes the widely studied individual rent-seeking model by introducing the possibility of collective rent seeking; n interest groups compete over a fixed rent and individual group members decide voluntarily on the extent of participation in their group rent-seeking activities. The analysis focuses on the possible advantage of free riding in reducing the extent of rent dissipation. The main result establishes the relationship between the extent of rent dissipation and the number and size of the competing groups, the initial wealth and attitude toward risk of the individual players, and the rules applied by the groups to distribute the rent among their members. Copyright 1991 by Royal Economic Society.

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Article provided by Royal Economic Society in its journal The Economic Journal.

Volume (Year): 101 (1991)
Issue (Month): 409 (November)
Pages: 1522-34

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Handle: RePEc:ecj:econjl:v:101:y:1991:i:409:p:1522-34
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  1. Appelbaum, Elie & Katz, Eliakim, 1986. "Rent seeking and entry," Economics Letters, Elsevier, vol. 20(3), pages 207-212.
  2. Richard Higgins & William Shughart & Robert Tollison, 1985. "Efficient rents 2 free entry and efficient rent seeking," Public Choice, Springer, vol. 46(3), pages 247-258, January.
  3. Posner, Richard A, 1975. "The Social Costs of Monopoly and Regulation," Journal of Political Economy, University of Chicago Press, vol. 83(4), pages 807-27, August.
  4. Richard Allard, 1988. "Rent-seeking with non-identical players," Public Choice, Springer, vol. 57(1), pages 3-14, April.
  5. Katz, Eliakim & Nitzan, Shmuel & Rosenberg, Jacob, 1990. " Rent-Seeking for Pure Public Goods," Public Choice, Springer, vol. 65(1), pages 49-60, April.
  6. Arye L. Hillman & John G. Riley, 1989. "Politically Contestable Rents And Transfers," Economics and Politics, Wiley Blackwell, vol. 1(1), pages 17-39, 03.
  7. Krueger, Anne O, 1974. "The Political Economy of the Rent-Seeking Society," American Economic Review, American Economic Association, vol. 64(3), pages 291-303, June.
  8. Long, Ngo Van & Vousden, Neil J, 1987. "Risk-Averse Rent Seeking with Shared Rents," Economic Journal, Royal Economic Society, vol. 97(388), pages 971-85, December.
  9. Heinrich W. Ursprung, 1990. "Public Goods, Rent Dissipation, And Candidate Competition," Economics and Politics, Wiley Blackwell, vol. 2(2), pages 115-132, 07.
  10. Hillman, Arye L, 1982. "Declining Industries and Political-Support Protectionist Motives," American Economic Review, American Economic Association, vol. 72(5), pages 1180-87, December.
  11. Eliakim Katz & Jacob Rosenberg, 1989. "Rent-seeking for budgetary allocation: Preliminary results for 20 countries," Public Choice, Springer, vol. 60(2), pages 133-144, February.
  12. Hillman, Arye L & Katz, Eliakim, 1984. "Risk-Averse Rent Seekers and the Social Cost of Monopoly Power," Economic Journal, Royal Economic Society, vol. 94(373), pages 104-10, March.
  13. Elie Appelbaum & Eliakim Katz, 1986. "Transfer seeking and avoidance: On the full social costs of rent seeking," Public Choice, Springer, vol. 48(2), pages 175-181, January.
  14. Hal R. Varian, 1989. "Measuring The Deadweight Costs Of Dup And Rent Seeking Activities," Economics and Politics, Wiley Blackwell, vol. 1(1), pages 81-95, 03.
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