Group competition for rents |
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Authors: | Eliakim Katz Julia Tokatlidu |
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Institution: | Department of Economics, York University, 4700 Keele Street, North York, Ont., Canada, M3J 1P3 |
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Abstract: | This paper examines rent dissipation in a two-stage group rent-seeking contest without a predetermined distribution rule. the rent in this setting exhibits both public and private good characteristics depending on the stage of the contest. Focusing on the relationship between group size and aggregate rent seeking we find that social waste depends not only on total numbers but also on the distribution of population across groups. We show that group size asymmetry acts to reduce rent dissipation. |
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Keywords: | Rent-seeking Two-stage contests Collective rent seeking Group rent-seeking |
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