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Evolutionary Equilibrium in Tullock Contests: Spite and Overdissipation

Burkhard Hehenkamp (), Wolfgang Leininger and Alex Possajennikov ()

Discussion Papers in Economics from University of Dortmund, Department of Economics

Abstract: Tullock's analysis of rent-seeking as a contest is reconsidered from an evolutionary point of view. We show that evolutionary stable behavior in a Tullock contest exists and differs from behavior in Nash equilibrium. Evolutionary stable behavior in these contests is robust in a strong sense and may entail overdissipation of the contested rent.

Pages: 18 pages
Date: 2003-04
New Economics Papers: this item is included in nep-evo
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Journal Article: Evolutionary equilibrium in Tullock contests: spite and overdissipation (2004) Downloads
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