Efficient rent-seeking in experiment

被引:7
|
作者
Vogt, C [1 ]
Weimann, J
Yang, CL
机构
[1] Univ Magdeburg, Fac Econ & Management, D-39016 Magdeburg, Germany
[2] Acad Sinica, Inst Social Sci & Philosophy, Nankang, Taiwan
关键词
D O I
10.1023/A:1013051501754
中图分类号
F [经济];
学科分类号
02 ;
摘要
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.
引用
收藏
页码:67 / 78
页数:12
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