IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-540-79182-9_10.html
   My bibliography  Save this book chapter

Dissipation of contestable rents by small numbers of contenders

In: 40 Years of Research on Rent Seeking 1

Author

Listed:
  • Aryel. Hillman

    (Bar-Ilan University
    University of California)

  • Dov Samet

    (Bar-Ilan University
    University of California)

Abstract

The theory of rent seeking with its origins in the observations of (1967) — or to use (1982) proposed term, the theory of directly unproductive profit-seeking activities — is concerned with the potentially adverse effects on resource allocation of incentives to capture and defend artificially-contrived rents and transfers. The scope for social loss proposed by the theory derives from the relation between the value of a contestable prize and the value of the resources attracted into the contest to determine the beneficiary of the prize. Underlying this social loss is a specification of how rational behavior by optimizing agents links the value of the prize sought to the resources expended.

Suggested Citation

  • Aryel. Hillman & Dov Samet, 1987. "Dissipation of contestable rents by small numbers of contenders," Springer Books, in: Roger D. Congleton & Arye L. Hillman & Kai A. Konrad (ed.), 40 Years of Research on Rent Seeking 1, pages 165-184, Springer.
    • Handle: RePEc:spr:sprchp:978-3-540-79182-9_10
    DOI: 10.1007/978-3-540-79182-9_10
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-540-79182-9_10. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.