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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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    Citations

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    Cited by:

    1. 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.
    2. J. Atsu Amegashie, 2012. "A Nested Contest: Tullock Meets the All-Pay Auction," Working Papers 1211, University of Guelph, Department of Economics and Finance.
    3. repec:shn:wpaper:2014-02 is not listed on IDEAS
    4. 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.
    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. 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.
    8. 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.
    9. 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.
    10. Fu, Qiang & Lu, Jingfeng & Wang, Zhewei, 2014. "“Reverse” nested lottery contests," Journal of Mathematical Economics, Elsevier, vol. 50(C), pages 128-140.

    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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