Rent seeking in groups

T.K. Ahn, R. Isaac and Tim Salmon

International Journal of Industrial Organization, 2011, vol. 29, issue 1, 116-125

Abstract: 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.

Keywords: Rent; seeking; Economic; experiments (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (90)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:indorg:v:29:y:2011:i:1:p:116-125

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