Asymmetric rent-seeking with more than two contestants

被引:96
作者
Stein, WE [1 ]
机构
[1] Texas A&M Univ, Dept Informat & Operat Management, College Stn, TX 77843 USA
基金
美国国家科学基金会;
关键词
D O I
10.1023/A:1020877410243
中图分类号
F [经济];
学科分类号
02 ;
摘要
This article considers a rent-seeking model with N asymmetric contestants. Each contestant may have a different valuation of the rent or a different relative ability to win the rent. One of the N contestants is selected as the winner based on Tullock's probabilistic contest rule with constant returns to scale. A pure strategy Nash equilibrium solution is obtained and its consequences are investigated.
引用
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页码:325 / 336
页数:12
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