Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5078323 | International Journal of Industrial Organization | 2011 | 10 Pages |
Abstract
Rent-seeking contests between groups involve conflicts of interests at the levels of individuals, groups, and the society as a whole. We conduct a series of economic experiments to study the behavior of groups and individuals competing against each other in rent-seeking contests. We find substantial over-contribution to rent-seeking relative to the equilibrium predictions of standard models regardless whether individuals compete against other individuals, groups compete against other groups, or individuals compete against groups.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
T.K. Ahn, R. Mark Isaac, Timothy C. Salmon,