RENTSEEKING BY PLAYERS WITH CONSTANTABSOLUTE RISK AVERSION

The rent-seeking model of Tullock (1980) has stimulated a large literature on rent-seekingcontests, of which Hillman (1989) and Nitzan (1994) provide useful surveys. AlthoughTullock's 'winner take all' model has been adapted and extended in numerous ways, thereremain fundamental modeling issues, particularly concerning the limiting proportion ofrent dissipation as the number of players becomes large, that have not been fully resolved...

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Year of publication:	2000-11-01
Authors:	Cornes, Richard ; Hartley, Roger E.
Institutions:	University <Nottingham> / Department of Economics ; University <Keele> / Department of Economics and Management Science
Subject:	Wettbewerb \| market microstructure \| Risikoaversion \| Spieltheorie \| game theory \| Rent Seeking \| rent seeking \| Auszahlung <Spieltheorie> \| payoff

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Extent:	179200 bytes 37 p. application/pdf
Series:	The University of Nottingham / School of Economics - discussion papers Discussion Paper ; No. 00/28
Type of publication:	Book / Working Paper
Language:	English
ISSN:	1360-2438
Classification:	Financial theory ; Market research ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005869062