A note on rent dissipation in lottery contests

Doron Klunover

Research output: Contribution to journalArticlepeer-review

2 Scopus citations

Abstract

Rent dissipation is a measure of the social loss in rent-seeking contests and therefore is the main source of interest in the rent-seeking literature. We derive narrow bounds for the amount of rent dissipation in a sequential lottery contest with n identical players and show that it is larger than in the corresponding simultaneous contest. Hence, sequential moves in contests increase the social loss from rent-seeking behavior.

Original languageEnglish
Pages (from-to)90-93
Number of pages4
JournalEconomics Letters
Volume168
DOIs
StatePublished - Jul 2018

Bibliographical note

Publisher Copyright:
© 2018 Elsevier B.V.

Keywords

  • Dissipation in contests
  • Lottery contests
  • Sequential contests

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