A Note on Rent Dissipation in Lottery Contests

14 Pages Posted: 25 Mar 2018

See all articles by Doron Klunover

Doron Klunover

Ariel University - Department of Economics and Business Administration

Date Written: February 4, 2018

Abstract

Rent dissipation measures the social loss in rent-seeking contests and therefore is the main source of interest in the rent-seeking literature. We derive narrow bounds for the amount of rent dissipation in a sequential lottery contest within players and show that the rent dissipation is larger than in the corresponding simultaneous contest. Sequential moves in contests therefore increase the social loss from rent-seeking behavior.

Keywords: Lottery Contests, Sequential Contests, Dissipation in Contests

JEL Classification: C72, D43, L13

Suggested Citation

Klunover, Doron, A Note on Rent Dissipation in Lottery Contests (February 4, 2018). Available at SSRN: https://ssrn.com/abstract=3147128 or http://dx.doi.org/10.2139/ssrn.3147128

Doron Klunover (Contact Author)

Ariel University - Department of Economics and Business Administration ( email )

Israel

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