Efficient Rent-Seeking in Experiment.

B-Tier
Journal: Public Choice
Year: 2002
Volume: 110
Issue: 1-2
Pages: 67-78

Authors (3)

Vogt, Carsten (not in RePEc) Weimann, Joachim (Otto-von-Guericke-Universität ...) Yang, Chun-Lei (not in RePEc)

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

In a series of experiments we show that people learn to play the efficient outcome in an open-ended rent-seeking game. This result persists despite quite different experiment environments and designs, like different propensities of competition, group sizes etc., and is interpretable as a resolution of the so-called Tullock paradox which states that real-world rent-seeking expenditures are much lower than what the standard rent-seeking model predicts. Copyright 2002 by Kluwer Academic Publishers

Technical Details

RePEc Handle
repec:kap:pubcho:v:110:y:2002:i:1-2:p:67-78
Journal Field
Public
Author Count
3
Added to Database
2026-01-29