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A general analysis of rent-seeking games

In: 40 Years of Research on Rent Seeking 1

Author

Listed:
  • J. David Pérez-Castrillo

    (DELTA Joint Research Unit (CNRS EHESS ENS))

  • Thierry Verdier

    (DELTA Joint Research Unit (CNRS EHESS ENS))

Abstract

In this paper we reconsider the basic model of “efficient rent seeking.” We stress the importance of the shape of the players’ reaction curve in order to understand the impact of the technology of rent-seeking on the structure of the outcome of the game. We give a complete characterization of the pure strategy equilibria. Moreover, the possibility of preemption by a Stakelberg leader is discussed according to the nature of the technology of rent-seeking available to the agents.

Suggested Citation

  • J. David Pérez-Castrillo & Thierry Verdier, 1992. "A general analysis of rent-seeking games," Springer Books, in: Roger D. Congleton & Arye L. Hillman & Kai A. Konrad (ed.), 40 Years of Research on Rent Seeking 1, pages 133-148, Springer.
    • Handle: RePEc:spr:sprchp:978-3-540-79182-9_8
    DOI: 10.1007/978-3-540-79182-9_8
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