Article ID Journal Published Year Pages File Type
5068559 European Journal of Political Economy 2006 6 Pages PDF
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.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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