| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 7348917 | Economics Letters | 2018 | 4 Pages |
Abstract
Rent dissipation is a measure of the social loss in rent-seeking contests and therefore is the main source of interest in the rent-seeking literature. We derive narrow bounds for the amount of rent dissipation in a sequential lottery contest with n identical players and show that it is larger than in the corresponding simultaneous contest. Hence, sequential moves in contests increase the social loss from rent-seeking behavior.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Doron Klunover,