Efficient Rent Seeking.¶
Tullock, G. (1980). Efficient Rent Seeking. Toward a Theory of the Rent-Seeking Society.
Cited by¶
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Primes¶
- Rent Seeking
- It enables reasoning about the dissipation result: in equilibrium, contestants spend up to the value of the prize in pursuit of it, so rent-seeking tends to destroy the rent itself — structurally the same as an all-pay contest,
This sourceModels rent-seeking as an all-pay contest in which contestants dissipate up to the value of the prize.
- It enables reasoning about the dissipation result: in equilibrium, contestants spend up to the value of the prize in pursuit of it, so rent-seeking tends to destroy the rent itself — structurally the same as an all-pay contest,
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