Modelling rent-seeking contests

Shmuel Nitzan

Research output: Contribution to journalArticlepeer-review

390 Scopus citations

Abstract

This survey focuses on alternative ways of modelling rent-seeking contests. My primary concern is with the relationship between the extent of rent dissipation and the underlying contest characteristics: e.g., the number of players, their attitudes toward risk, the asymmetry among the players, the source of the rent, the nature of the rent or the nature of the rent setter. The survey concludes with a brief description of attempts to endogenize various components of the rent-seeking contest.

Original languageEnglish
Pages (from-to)41-60
Number of pages20
JournalEuropean Journal of Political Economy
Volume10
Issue number1
DOIs
StatePublished - May 1994

Keywords

  • Rent dissipation
  • Rent-seeking contests

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