Abstract
In this paper we reconsider the basic model of “efficient rent seeking.” We stress the importance of the shape of the players’ reaction curve in order to understand the impact of the technology of rent-seeking on the structure of the outcome of the game. We give a complete characterization of the pure strategy equilibria. Moreover, the possibility of preemption by a Stakelberg leader is discussed according to the nature of the technology of rent-seeking available to the agents.
We would like to thank an anonymous referee for his useful comments
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2001 Springer Science+Business Media New York
About this chapter
Cite this chapter
Pérez-Castrillo, J.D., Verdier, T. (2001). A general analysis of rent-seeking games. In: Lockard, A.A., Tullock, G. (eds) Efficient Rent-Seeking. Springer, Boston, MA. https://doi.org/10.1007/978-1-4757-5055-3_18
Download citation
DOI: https://doi.org/10.1007/978-1-4757-5055-3_18
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4419-4866-3
Online ISBN: 978-1-4757-5055-3
eBook Packages: Springer Book Archive