Rent seeking in groups

Rent seeking in groups

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...

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Bibliographic Details
Published in:International journal of industrial organization Vol. 29; no. 1; pp. 116 - 125
Main Authors: Ahn, T.K., Isaac, R. Mark, Salmon, Timothy C.
Format: Journal Article
Language:English
Published: Amsterdam Elsevier B.V 01-01-2011
Elsevier
Elsevier Sequoia S.A
Series:International Journal of Industrial Organization
Subjects:
Competition
Conflict
Conflicts of interest
Economic behaviour
Economic experiments
Economic models
Equilibrium
Experiments
Group analysis
Group dynamics
Rent seeking
Rent seeking Economic experiments
Studies
Rent seeking
C92
D72
Economic experiments
Online Access:Get full text
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Summary: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.
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
ISSN:0167-7187
1873-7986
DOI:10.1016/j.ijindorg.2010.01.003