Difference-form contest success functions and effort levels in contests
In: European Journal of Political Economy, Band 14, Heft 4, S. 685-701
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In: European Journal of Political Economy, Band 14, Heft 4, S. 685-701
In: European journal of political economy, Band 14, Heft 4, S. 685
ISSN: 0176-2680
In: The quarterly review of economics and finance, Band 35, Heft 3, S. 245-256
ISSN: 1062-9769
In: Economics & politics, Band 6, Heft 2, S. 147-162
ISSN: 1468-0343
We define a winner‐help‐loser group in a rent‐seeking contest as follows: (a) the member players compete noncooperatively to win the rent, and (b) if a member player wins the rent, he helps the losing member players according to the previously written agreement. We demonstrate that one and only one winner‐help‐loser group is formed voluntarily. One important consequence of such group formation is that rent dissipation is small relative to individual rent seeking. Therefore, such group formation decreases the social cost associated with rent seeking and thus decreases the economic inefficiency of rent seeking.
In: Journal of institutional and theoretical economics: JITE, Band 170, Heft 3, S. 387
ISSN: 1614-0559
In: European Journal of Political Economy, Band 23, Heft 3, S. 768-776
In: International review of law and economics, Band 27, Heft 3, S. 351-361
ISSN: 0144-8188
In: European journal of political economy, Band 23, Heft 3, S. 768-776
ISSN: 1873-5703
We study a general model of the simultaneous-move game with sequential moves applicable to the study of two-party contests with sharing rules that are private information. Using the solution technique of the general model, we study collective rent seeking with private-information sharing rules and collective rent seeking with public-information sharing rules. We compare the equilibrium sharing rules and the equilibrium outlays under private and public information regarding sharing rules. [Copyright 2007 Elsevier B.V.]
In: International review of law and economics, Band 21, Heft 3, S. 271-285
ISSN: 0144-8188
In: Public choice, Band 103, Heft 3-4, S. 285-296
ISSN: 0048-5829
In: European journal of political economy, Band 13, Heft 2, S. 281-298
ISSN: 1873-5703
In: European journal of political economy, Band 13, Heft 1, S. 121
ISSN: 0176-2680
In: European journal of political economy, Band 13, Heft 2, S. 281
ISSN: 0176-2680
In: Journal of economics, Band 130, Heft 1, S. 37-66
ISSN: 1617-7134
In: European Journal of Political Economy, Band 12, Heft 4, S. 735-737