On the Win Probability in Rent-Seeking Gemes

D.J. Clark and Christian Riis ()

Memorandum from Oslo University, Department of Economics

Abstract: This paper identifies and attempts to fill a gap in the literature on rent-seeking. Many papers in the areas employ a logit win probability without considering whether or why such a choice should be reasonable. We present two approaches which can justify use of the common win probability.

Keywords: PROBABILITY (search for similar items in EconPapers)
JEL-codes: D70 D72 (search for similar items in EconPapers)
Pages: 14 pages
Date: 1996
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Citations: View citations in EconPapers (15)

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Persistent link: https://EconPapers.repec.org/RePEc:hhs:osloec:1996_005

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