Efficient rent-seeking under varying cost structures
1990
Exploring the variation in the structure of rent-seeking games widens the field of positive institutional theory. By altering the structure of Tullock's (1980) efficient rent-seeking game, some additional insight into the various possible forms of rent-seeking behavior is derived. Furthermore, the games presented demonstrate that Tullock's theory of rent-seeking has a wide variety of potential applications outside the standard profit seeking paradigm of neoclassical theory.
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