DO RENT-SEEKING GROUPS ANNOUNCE THEIR SHARING RULES?

被引:14
作者
Baik, Kyung Hwan [1 ]
Lee, Dongryul [2 ]
机构
[1] Sungkyunkwan Univ, Dept Econ, Seoul 110745, South Korea
[2] Virginia Polytech Inst & State Univ, Dept Econ, Blacksburg, VA 24061 USA
关键词
STRATEGIC BEHAVIOR; POLITICAL-ECONOMY; SUCCESS FUNCTIONS; SOCIAL COST; CONTESTS; DISSIPATION; CONFLICT; MONOPOLY; INCENTIVES; SEEKERS;
D O I
10.1111/j.1465-7295.2009.00280.x
中图分类号
F [经济];
学科分类号
02 ;
摘要
We study collective rent seeking between two groups in which each group has the option of releasing or not its sharing-rule information. First, we show that the case where both groups release their sharing-rule information never occurs in equilibrium; when the players are unevenly matched, one group releases its sharing-rule information and the other does not. Then, we select the Pareto-superior equilibrium when the players are unevenly matched. We show that, in this selected equilibrium, the underdog releases its sharing-rule information, and the favorite does not; thus, the underdog becomes the leader, and the favorite the follower (JEL D72).
引用
收藏
页码:348 / 363
页数:16
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