| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5078528 | International Journal of Industrial Organization | 2010 | 4 Pages |
Abstract
We specify an oligopoly game, where firms choose quantity in order to maximize profits, that is strategically equivalent to a standard Tullock rent-seeking game. We then show that the Tullock game may be interpreted as an oligopsonistic market for influence. Alternative specifications of the strategic variable give rise to a range of Nash equilibria with varying levels of rent dissipation.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Flavio M. Menezes, John Quiggin,