A note on rent dissipation in lottery contests

被引：0
|
作者：
Klunover, Doron [1 ,2 ]
机构：
[1] Ariel Univ, Dept Econ, IL-40700 Ariel, Israel
[2] Bar Ilan Univ, Dept Econ, IL-52900 Ramat Gan, Israel
来源：
ECONOMICS LETTERS | 2018年 / 168卷
关键词：
Lottery contests; Sequential contests; Dissipation in contests;
D O I：
10.1016/j.econlet.2018.04.025
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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. (C) 2018 Elsevier B.V. All rights reserved.
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收藏
页码：90 / 93
页数：4
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