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A Multi-winner Nested Rent-Seeking Contest


  • Clark, Derek J
  • Riis, Christian


This paper considers a symmetric imperfectly discriminating rent-seeking contest in which there may be several winners. The authors first demonstrate a serious flaw in previous work and then go on to suggest an alternative method for analyzing the contest. In contrast to the previous work, they show that the value of the rent is fully dissipated in equilibrium as the number of players becomes large. Copyright 1996 by Kluwer Academic Publishers

Suggested Citation

  • Clark, Derek J & Riis, Christian, 1996. "A Multi-winner Nested Rent-Seeking Contest," Public Choice, Springer, vol. 87(1-2), pages 177-184, April.
  • Handle: RePEc:kap:pubcho:v:87:y:1996:i:1-2:p:177-84

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    References listed on IDEAS

    1. Christopher F Baum & Mark E. Schaffer & Steven Stillman, 2003. "Instrumental variables and GMM: Estimation and testing," Stata Journal, StataCorp LP, vol. 3(1), pages 1-31, March.
    2. Emek Basker, 2005. "Job Creation or Destruction? Labor Market Effects of Wal-Mart Expansion," The Review of Economics and Statistics, MIT Press, vol. 87(1), pages 174-183, February.
    3. Samuel Bowles & Herbert Gintis, 2002. "Social Capital and Community Governance," Economic Journal, Royal Economic Society, vol. 112(483), pages 419-436, November.
    4. Jonathan Gruber & Michael Frakes, 2005. "Does Falling Smoking Lead to Rising Obesity?," NBER Working Papers 11483, National Bureau of Economic Research, Inc.
    5. Rupasingha, Anil & Goetz, Stephan J. & Freshwater, David, 2006. "The production of social capital in US counties," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 35(1), pages 83-101, February.
    6. Jerry Hausman & Ephraim Leibtag, 2007. "Consumer benefits from increased competition in shopping outlets: Measuring the effect of Wal-Mart," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 22(7), pages 1157-1177.
    7. Edward L. Glaeser & David Laibson & Bruce Sacerdote, 2002. "An Economic Approach to Social Capital," Economic Journal, Royal Economic Society, vol. 112(483), pages 437-458, November.
    8. Dube, Arindrajit & Lester, T. William & Eidlin, Barry, 2007. "Firm Entry and Wages: Impact of Wal-Mart Growth on Earnings Throughout the Retail Sector," Institute for Research on Labor and Employment, Working Paper Series qt22s5k4pv, Institute of Industrial Relations, UC Berkeley.
    9. Basker, Emek, 2011. "The Causes and Consequences of Wal-Mart’s Growth," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 5, pages 110-134.
    10. Stephan J. Goetz & Hema Swaminathan, 2006. "Wal-Mart and County-Wide Poverty," Social Science Quarterly, Southwestern Social Science Association, vol. 87(2), pages 211-226.
    11. Gruber, Jonathan & Frakes, Michael, 2006. "Does falling smoking lead to rising obesity?," Journal of Health Economics, Elsevier, vol. 25(2), pages 183-197, March.
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