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Rent Seeking with Efforts and Bids

Author

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  • Marco A. Haan

  • Lambert Schoonbeek

Abstract

We analyse the development of world records speed skating from 1893 to 2000 for both men and women. The historical data show that it is likely that the relation between skating speed and distance of the various events is non-linear and converges to a limit value. We pay special attention to technical innovations in speed skating, especially, the introduction of the klapskate in the 1996/1997 season, and its impact on the long-run limit value. We focus on endurance and we estimate lower bounds for world records given the current technological state of the art.
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Suggested Citation

  • Marco A. Haan & Lambert Schoonbeek, 2003. "Rent Seeking with Efforts and Bids," Journal of Economics, Springer, vol. 79(3), pages 215-235, July.
    • Handle: RePEc:kap:jeczfn:v:79:y:2003:i:3:p:215-235
    DOI: 10.1007/s00712-002-0600-7
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    Citations

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    Cited by:

    1. Menezes, Flavio & Quiggin, John, "undated". "Outcomes and Strategy Choices in Tullock Contests," Risk and Sustainable Management Group Working Papers 151173, University of Queensland, School of Economics.
    2. de Roos, Nicolas & Matros, Alexander & Smirnov, Vladimir & Valencia, Zehra, 2022. "Choosing the Prize in Contests," Working Papers 2022-04, University of Sydney, School of Economics.
    3. Andrew Yates, 2011. "Winner-pay contests," Public Choice, Springer, vol. 147(1), pages 93-106, April.
    4. Johan N. M. Lagerlöf, 2020. "Hybrid All-Pay and Winner-Pay Contests," American Economic Journal: Microeconomics, American Economic Association, vol. 12(4), pages 144-169, November.
    5. Raul Caruso, 2012. "Contest with cooperative behavior: a note," Economics Bulletin, AccessEcon, vol. 32(2), pages 1747-1754.
    6. Flavio Menezes & John Quiggin, 2007. "Games without Rules," Theory and Decision, Springer, vol. 63(4), pages 315-347, December.

    More about this item

    Keywords

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    JEL classification:

    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

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