Rent seeking and rent dissipation: A neutrality result

A-Tier
Journal: Journal of Public Economics
Year: 2010
Volume: 94
Issue: 1-2
Pages: 1-7

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

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

Abstract

We consider rent seeking contests between at least two agents who might value the prize differently. We capture a wide range of institutional aspects of contests by analyzing a class of contest success functions fulfilling several properties. The main properties are anonymity and a condition on the elasticity of a rent seeker's win probability with respect to her effort. We show the existence of a mixed-strategy equilibrium and establish equilibrium payoffs. In this equilibrium complete rent dissipation holds. Our results imply a partial robustness result for the all-pay auction.

Technical Details

RePEc Handle
repec:eee:pubeco:v:94:y:2010:i:1-2:p:1-7
Journal Field
Public
Author Count
2
Added to Database
2026-01-24