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On the Win Probability in Rent-Seeking Gemes

Author

Listed:
  • Clark, D.J.
  • Riis, C.

Abstract

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.

Suggested Citation

  • Clark, D.J. & Riis, C., 1996. "On the Win Probability in Rent-Seeking Gemes," Memorandum 05/1996, Oslo University, Department of Economics.
  • Handle: RePEc:hhs:osloec:1996_005
    as

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    References listed on IDEAS

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    1. ., 1994. "Environmental Policy," Chapters,in: The Elgar Companion to Institutional and Evolutionary Economics, chapter 36 Edward Elgar Publishing.
    2. Ulph, A. & Ulph, D., 1994. "Trade, strategic innovation and strategic environmental policy: a general analysis," Discussion Paper Series In Economics And Econometrics 9416, Economics Division, School of Social Sciences, University of Southampton.
    3. Ralph C. d'Arge, 1975. "On the Economics of Transnational Environmental Externalities," NBER Chapters,in: Economic Analysis of Environmental Problems, pages 397-416 National Bureau of Economic Research, Inc.
    4. Ben Lockwood & Alan Manning, 1993. "Wage Setting and the Tax System: theory and Evidence for the UK," CEP Discussion Papers dp0115, Centre for Economic Performance, LSE.
    5. Grout, Paul A, 1984. "Investment and Wages in the Absence of Binding Contracts: A Nash Bargining Approach," Econometrica, Econometric Society, vol. 52(2), pages 449-460, March.
    6. Lockwood, Ben & Manning, Alan, 1993. "Wage setting and the tax system theory and evidence for the United Kingdom," Journal of Public Economics, Elsevier, pages 1-29.
    7. Ulph, Alistair Mitchell & Ulph, David, 1994. "Trade, Strategic Innovation and Strategic Environmental Policy - a General Analysis," CEPR Discussion Papers 1063, C.E.P.R. Discussion Papers.
    8. Oates, Wallace E. & Schwab, Robert M., 1988. "Economic competition among jurisdictions: efficiency enhancing or distortion inducing?," Journal of Public Economics, Elsevier, pages 333-354.
    9. Hoel, Michael, 1990. " Local versus Central Wage Bargaining with Endogenous Investments," Scandinavian Journal of Economics, Wiley Blackwell, vol. 92(3), pages 453-469.
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    Citations

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    Cited by:

    1. J. Atsu Amegashie, 2012. "A Nested Contest: Tullock Meets the All-pay Auction," CESifo Working Paper Series 3976, CESifo Group Munich.
    2. Qiang Fu & Jingfeng Lu, 2012. "Micro foundations of multi-prize lottery contests: a perspective of noisy performance ranking," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 38(3), pages 497-517, March.
    3. repec:shn:wpaper:2014-02 is not listed on IDEAS
    4. Jingfeng Lu & Zhewei Wang, 2015. "Axiomatizing Multi-Prize Nested Lottery Contests: A Complete and Strict Ranking Perspective," SDU Working Papers 2015-01, School of Economics, Shandong University.
    5. Elie Appelbaum & Eliakim Katz, 1986. "Transfer seeking and avoidance: On the full social costs of rent seeking," Public Choice, Springer, vol. 48(2), pages 175-181, January.
    6. Jingfeng Lu & Zhewei Wang, 2016. "Axiomatization of reverse nested lottery contests," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 47(4), pages 939-957, December.
    7. Lu, Jingfeng & Wang, Zhewei, 2015. "Axiomatizing multi-prize nested lottery contests: A complete and strict ranking perspective," Journal of Economic Behavior & Organization, Elsevier, vol. 116(C), pages 127-141.
    8. J. Atsu Amegashie, 2000. "A political economy model of immigration quotas," Discussion Papers dp00-19, Department of Economics, Simon Fraser University, revised 19 Sep 2000.
    9. Fu, Qiang & Lu, Jingfeng & Wang, Zhewei, 2014. "“Reverse” nested lottery contests," Journal of Mathematical Economics, Elsevier, vol. 50(C), pages 128-140.
    10. Amegashie, J. Atsu, 2012. "A nested contest: Tullock meets the All-Pay Auction," MPRA Paper 41654, University Library of Munich, Germany, revised 03 Sep 2012.
    11. Wang Zhewei, 2010. "The Optimal Accuracy Level in Asymmetric Contests," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 10(1), pages 1-18, April.

    More about this item

    Keywords

    PROBABILITY;

    JEL classification:

    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior

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