Rent seeking with efforts and bids

Marco Haan and Lambert Schoonbeek

No 200113, CCSO Working Papers from University of Groningen, CCSO Centre for Economic Research

Abstract: Abstract We analyse the development of world records speed skating from 1893 to 2000 for both men and women. The historical data show that it is likely that the relation between skating speed and distance of the various events is non-linear and converges to a limit value. We pay special attention to technical innovations in speed skating, especially, the introduction of the klapskate in the 1996/1997 season, and its impact on the long-run limit value. We focus on endurance and we estimate lower bounds for world records given the current technological state of the art.

Date: 2001
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Journal Article: Rent Seeking with Efforts and Bids (2003)
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