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A major contribution of the public-choice school is the recognition by Gordon Tullock that contestable rents give rise to social losses because of unproductive resource use. Contestable rents usually are politically assigned privileges. Contestable rents can also be found outside of government...
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We investigate overlapping contests in multi-divisional organizations in which an individual's effort simultaneously … determines the outcome of several contests on different hierarchical levels. We show that individuals in smaller units are …-divisional contests. Second, competition in the intra-divisional contest is less fierce. Both effects induce a higher marginal utility of …
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collective action in the context of finitely repeated intergroup conflict and demonstrate that conflict expenditures are …
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. -- Colonel Blotto ; conflict resolution ; contest theory ; multi-dimensional resource allocation ; rent-seeking ; experiments …
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destructive nature of intergroup conflicts. -- Communication ; Conflict ; Experiment ; Rent-seeking … collective action in the context of finitely repeated intergroup conflict and demonstrate that conflict expenditures are …
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-seeking competition. -- Contests ; Other-regarding preferences ; Experiments …While numerous experiments demonstrate how pro-sociality can influence economic decision-making, evidence on explicitly … experimental rent-seeking contests. Although, as we show, existing evidence of excessive rent-seeking is in theory compatible with …
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