Rent seeking in groups |
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Authors: | T.K. Ahn Timothy C. Salmon |
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Affiliation: | a Department of Public Administration, Korea University, Seoul 136-701, South Koreab Department of Economics, Florida State University, Tallahassee, FL, 32306-2180, United States |
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Abstract: | 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. |
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Keywords: | C92 D72 |
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