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The equivalence of rent-seeking outcomes for competitive-share and strategic groups

In: 40 Years of Research on Rent Seeking 1

Author

Listed:
  • Kyung Hwan Baik

    (Sungkyunkwan University)

  • Bouwe R. Dijkstra

    (University of Nottingham)

  • Sanghack Lee

    (Kookmin University)

  • Shi Young Lee

    (Chung Ang University)

Abstract

In competitive-share groups, groups of players compete for a rent and members of the winning group share the prize according to a weighted average of relative outlay and egalitarian shares. In strategic groups, group members compete individually for a rent and the winner keeps a part of the rent, and divides the rest among group members. In this note, we show that these two portrayals of rent seeking with groups are equivalent.

Suggested Citation

  • Kyung Hwan Baik & Bouwe R. Dijkstra & Sanghack Lee & Shi Young Lee, 2005. "The equivalence of rent-seeking outcomes for competitive-share and strategic groups," Springer Books, in: Roger D. Congleton & Arye L. Hillman & Kai A. Konrad (ed.), 40 Years of Research on Rent Seeking 1, pages 323-328, Springer.
    • Handle: RePEc:spr:sprchp:978-3-540-79182-9_20
    DOI: 10.1007/978-3-540-79182-9_20
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    Cited by:

    1. is not listed on IDEAS
    2. Aisbett, Emma & McAusland, Carol, 2013. "Firm characteristics and influence on government rule-making: Theory and evidence," European Journal of Political Economy, Elsevier, vol. 29(C), pages 214-235.
    3. Oto-Peralías, Daniel & Romero-Ávila, Diego & Usabiaga, Carlos, 2013. "Does fiscal decentralization mitigate the adverse effects of corruption on public deficits?," European Journal of Political Economy, Elsevier, vol. 32(C), pages 205-231.
    4. Baik, Kyung Hwan & Lee, Sanghack, 2007. "Collective rent seeking when sharing rules are private information," European Journal of Political Economy, Elsevier, vol. 23(3), pages 768-776, September.
    5. Kräkel, Matthias, 2012. "Competitive careers as a way to mediocracy," European Journal of Political Economy, Elsevier, vol. 28(1), pages 76-87.
    6. Angelopoulos, Konstantinos & Philippopoulos, Apostolis & Vassilatos, Vanghelis, 2009. "The social cost of rent seeking in Europe," European Journal of Political Economy, Elsevier, vol. 25(3), pages 280-299, September.

    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
    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions

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