A note on rent dissipation in lottery contests

Doron Klunover

Economics Letters, 2018, vol. 168, issue C, 90-93

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.

Keywords: Lottery contests; Sequential contests; Dissipation in contests (search for similar items in EconPapers)
JEL-codes: C72 D43 L13 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:168:y:2018:i:c:p:90-93

DOI: 10.1016/j.econlet.2018.04.025

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