On the Win Probability in Rent-Seeking Gemes
This paper identifies and attempts to fill a gap in the literature on rent-seeking. Many papers in the areas employ a logit win probability without considering whether or why such a choice should be reasonable. We present two approaches which can justify use of the common win probability.
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|Date of creation:||1996|
|Date of revision:|
|Contact details of provider:|| Postal: Department of Economics, University of Oslo, P.O Box 1095 Blindern, N-0317 Oslo, Norway|
Phone: 22 85 51 27
Fax: 22 85 50 35
Web page: http://www.oekonomi.uio.no/indexe.html
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