Rent seeking in groups
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.
Year of publication: |
2011
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Authors: | Ahn, T.K. ; Isaac, R. Mark ; Salmon, Timothy C. |
Published in: |
International Journal of Industrial Organization. - Elsevier, ISSN 0167-7187. - Vol. 29.2011, 1, p. 116-125
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Publisher: |
Elsevier |
Subject: | Rent seeking Economic experiments |
Saved in:
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