A MULTI-WINNER NESTED RENT-SEEKING CONTEST

Authors
CLARK DJ RIIS C
Citation
Dj. Clark et C. Riis, A MULTI-WINNER NESTED RENT-SEEKING CONTEST, Public choice, 87(1-2), 1996, pp. 177-184
Citations number
14
Categorie Soggetti
Economics,"Political Science
Journal title
Public choice → ACNP
ISSN journal
00485829
Volume
87
Issue
1-2
Year of publication
1996
Pages
177 - 184
Database
ISI
SICI code
0048-5829(1996)87:1-2<177:AMNRC>2.0.ZU;2-J
Abstract
This paper considers a symmetric imperfectly discriminating rent-seeki ng contest in which there may be several winners. We first demonstrate a serious flaw in previous work and then go on to suggest an alternat ive method for analyzing the contest. In contrast to the previous work , we show that the value of the rent is fully dissipated in equilibriu m as the number of players becomes large.