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A General Analysis of Rent-seeking Games by J. David Prez-Castrillo; Thierry Verdier is a Economics, Econometrics and Finance article available to read on EtoBox.

What is A General Analysis of Rent-seeking Games about?

In this paper we reconsider the basic model of "efficient rent seeking." We stress the importance of the shape of the players' reaction curve in order to understand the impact of the technology of rent-seeking on the structure of the outcome of the game. We give a complete characterization of the pure strategy equilibria. Moreover, the possibility of preemption by a Stakelberg leader is discussed according to the nature of the technology of rent-seeking available to the agents. \* We would like to thank an anonymous referee for his useful comments

Who reads A General Analysis of Rent-seeking Games?

Author

J. David Prez-Castrillo; Thierry Verdier

Publisher

Springer US; Springer-Verlag; Kluwer Academic Publishers; Springer Science and Business Media LLC (ISSN 0048-5829)

Published

1992

Language

EN

Field

Economics, Econometrics and Finance (Social Sciences)