๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

Efficient rents 2 free entry and efficient rent seeking

โœ Scribed by Richard S. Higgins; William F. Shughart; Robert D. Tollison

Publisher
Springer US
Year
1985
Tongue
English
Weight
616 KB
Volume
46
Category
Article
ISSN
0048-5829

No coin nor oath required. For personal study only.

โœฆ Synopsis

and two anonymous referees. Remaining errors are our own.

๐Ÿ“œ SIMILAR VOLUMES

Reexamining efficient rent-seeking in la
Reexamining efficient rent-seeking in laboratory markets
โœ Jason F. Shogren; Kyung H. Baik ๐Ÿ“‚ Article ๐Ÿ“… 1991 ๐Ÿ› Springer US ๐ŸŒ English โš– 369 KB

Given Millner and Pratt's (1989) finding of behavior inconsistent with theory, we reexamine efficient rent-seeking in experimental markets. We show that (a) when r = 3, no Nash equilibrium exists and therefore behavior has no theoretical benchmark to judge consistency, and (b) when r = 1, with a ne