Dari-Mattiacci, Giuseppe; Langlais, Eric; Lovat, Bruno; … - Bureau d'Économie Théorique et Appliquée (BETA), … - 2007
This paper presents a general rent-seeking model in which participants decide on entry before choosing their levels of efforts. The conventional wisdom in the rent-seeking literature suggests that the rent dissipation increases with the number of potential participants and with their pro-...