Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5068559 | European Journal of Political Economy | 2006 | 6 Pages |
Abstract
In competitive-share groups, groups of players compete for a rent and members of the winning group share the prize according to a weighted average of relative outlay and egalitarian shares. In strategic groups, group members compete individually for a rent and the winner keeps a part of the rent, and divides the rest among group members. In this note, we show that these two portrayals of rent seeking with groups are equivalent.
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Economics and Econometrics
Authors
Kyung Hwan Baik, Bouwe R. Dijkstra, Sanghack Lee, Shi Young Lee,