Rent-seeking with non-identical sharing rules View Full Text


Ontology type: schema:ScholarlyArticle     


Article Info

DATE

1991-08

AUTHORS

Shmuel Nitzan

ABSTRACT

The primary object of this paper is to examine the role of differential sharing rules within a collective rent-seeking setting on the possible non-existence of Nash equilibrium. Focusing on groups that distribute part of the rent equally among their members and the residual according to relative effort, we show that in rent-seeking societies applying the two polar sharing rules equilibrium never exists. In the general case where groups apply different but not necessarily the polar sharing rules, we study the relationship between group variability in distributing rents and the problem of non-existence of equilibrium in the rent-seeking game. More... »

PAGES

43-50

Journal

TITLE

Public Choice

ISSUE

1-2

VOLUME

71

Author Affiliations

Identifiers

URI

http://scigraph.springernature.com/pub.10.1007/bf00138449

DOI

http://dx.doi.org/10.1007/bf00138449

DIMENSIONS

https://app.dimensions.ai/details/publication/pub.1019258607


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