A note on rent dissipation in lottery contests

Doron Klunover

doi:10.1016/j.econlet.2018.04.025

A note on rent dissipation in lottery contests

Doron Klunover

Department of Economics and Business Administration

Research output: Contribution to journal › Article › peer-review

4 Scopus citations

Abstract

Rent dissipation is a measure of the social loss in rent-seeking contests and therefore is the main source of interest in the rent-seeking literature. We derive narrow bounds for the amount of rent dissipation in a sequential lottery contest with n identical players and show that it is larger than in the corresponding simultaneous contest. Hence, sequential moves in contests increase the social loss from rent-seeking behavior.

Original language	English
Pages (from-to)	90-93
Number of pages	4
Journal	Economics Letters
Volume	168
DOIs	https://doi.org/10.1016/j.econlet.2018.04.025
State	Published - Jul 2018

Keywords

Dissipation in contests
Lottery contests
Sequential contests

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10.1016/j.econlet.2018.04.025

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title = "A note on rent dissipation in lottery contests",

abstract = "Rent dissipation is a measure of the social loss in rent-seeking contests and therefore is the main source of interest in the rent-seeking literature. We derive narrow bounds for the amount of rent dissipation in a sequential lottery contest with n identical players and show that it is larger than in the corresponding simultaneous contest. Hence, sequential moves in contests increase the social loss from rent-seeking behavior.",

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AB - Rent dissipation is a measure of the social loss in rent-seeking contests and therefore is the main source of interest in the rent-seeking literature. We derive narrow bounds for the amount of rent dissipation in a sequential lottery contest with n identical players and show that it is larger than in the corresponding simultaneous contest. Hence, sequential moves in contests increase the social loss from rent-seeking behavior.

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KW - Sequential contests

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A note on rent dissipation in lottery contests

Abstract

Keywords

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