Rent-seeking behaviour of retaliating agents
β Scribed by J. Barry Smith; Shlomo Weber
- Publisher
- Springer US
- Year
- 1989
- Tongue
- English
- Weight
- 683 KB
- Volume
- 61
- Category
- Article
- ISSN
- 0048-5829
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
In recent years, economists have come to recognize that the competition to obtain monopoly rents, i.e., rent seeking, may consume resources whose value greatly exceeds that associated with traditionally measured deadweight welfare loss triangles (Toilison, 1982). Early articles by Tullock (1967), Kr
In this paper we reconsider the basic model of "efficient rent seeking." We stress the importance of the shape of the players' reaction curve in order to understand the impact of the technology of rent-seeking on the structure of the outcome of the game. We give a complete characterization of the pu