Skip to main content
Log in

Dissipation of contestable rents by small numbers of contenders

  • Published:
Public Choice Aims and scope Submit manuscript

This is a preview of subscription content, log in via an institution to check access.

Access this article

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

References

  • Appelbaum, E., and Katz, E. (1986). Transfer seeking and avoidance: On the full social costs of rent seeking. Public Choice 48: 175–181.

    Google Scholar 

  • Appelbaum, E. and Katz, E. (1987). Seeking rents by setting rents: The political economy of rent seeking. Economic Journal, forthcoming.

  • Becker, G. 1983. A theory of competition among pressure groups for political influence. Quarterly Journal of Economics 98: 371–400.

    Google Scholar 

  • Becker, G. (1985). Public policies, pressure groups and dead weight costs. Journal of Public Economics 28: 329–347.

    Google Scholar 

  • Bhagwati, J.N. (1982). Directly-unproductive profit seeking activities. Journal of Political Economy 90: 899–1022.

    Google Scholar 

  • Bhagwati, J.N., and Srinivasan, T.N. (1980). Revenue seeking: A generalization of the theory of tariffs. Journal of Political Economy 88: 1069–1087.

    Google Scholar 

  • Bhagwati, J.N., and Srinivasan, T.N. (1982). The welfare consequences of directly unproductive profit-seeking activities. Journal of International Economics 13: 33–44.

    Google Scholar 

  • Bhagwati, J.N., and Srinivasan, T.N. (1983). Lectures on international trade. MIT Press.

  • Cornell, B., and Roll, R. (1981). Strategies for pairwise competitions in markets and organizations. Bell Journal of Economics 21: 203–213.

    Google Scholar 

  • Corcoran, W.J. (1984). Long run equilibrium and total expenditures in rent seeking. Public Choice 43: 89–94.

    Google Scholar 

  • Corcoran, W.J., and Karels, G.V. (1985). Rent seeking behavior in the long run. Public Choice 46: 227–246.

    Google Scholar 

  • Demsetz, H. (1974). Two systems of belief about monopoly. In H.J. Goldschmid, H.M. Mann and J.F. Weston (Eds.), Boston: Little Brown.

    Google Scholar 

  • Demsetz, H. (1976). Economics as a guide to antitrust regulation, Journal of Law and Economics 19: 371–384; reprinted in J.M. Buchanan, R. Tollison and G. Tullock (1980), Toward a theory of the rent seeking society, 195–210. Texas A&M Press.

    Google Scholar 

  • Demsetz, H. (1985). Purchasing monopoly. In D.C. Colander (Ed.), Neoclassical Political Economy, 101–113.

  • DiLorenzo, T.J. (1984). The domain of rent seeking behavior: Private or public choice. International Review of Law and Economics 4: 185–197.

    Google Scholar 

  • Fisher, F.M. (1985). The social cost of monopoly and regulation: Posner reconsidered. Journal of Political Economy 93: 410–416.

    Google Scholar 

  • Fisher, F.M., and McGowan, J. (1983). On the misuse of accounting rates of return to infer monopoly profits. American Economic Review 73: 83–97.

    Google Scholar 

  • Higgins, R., Shughart II W., and Tollison, R.D. (1985). Free entry and efficient rent seeking. Public Choice 46: 247–258.

    Google Scholar 

  • Hillman, A.L. (1982). Declining industries and political-support protectionist motives. American Economic Review 72: 1180–1187.

    Google Scholar 

  • Hillman, A.L., and Katz, E. (1984). Risk-averse rent seekers and the social cost of monopoly power. Economic Journal 94: 104–110.

    Google Scholar 

  • Hillman, A.L., and Katz, E. (1986). Hierarchical structure and the social costs of bribes and transfers. Department of Economics, UCLA. Forthcoming, Journal of Public Economics.

  • Hirshleifer, J., and Riley, J. (1978). Elements of the theory of auctions and contests. Working Paper No. 118B, Department of Economics, UCLA.

  • Krueger, A.O. (1974). The political economy of the rent-seeking society, American Economic Review 64: 291–303; reprinted in J.M. Buchanan, R. Tollison and G. Tullock (1980), Toward a theory of the rent seeking society, 51–70. Texas A&M Press.

    Google Scholar 

  • Long, N.V., and Vousden, N. (1986). Risk-averse rent seeking with shared rents. Department of Economics, Faculty of Economics and Commerce, Australian National University.

  • Maskin, E., and Riley, J. (1984). Optimal auctions with risk-averse buyers. Econometrica 52: 1473–1518.

    Google Scholar 

  • Milgrom, P.R., and Weber, R.J. (1982). A theory of auctions and competitive bidding. Econometrica 50: 1089–1122.

    Google Scholar 

  • Nalebuff, B., and Riley, J.G. (1985). Asymmetric equilibria in the war of attrition. Journal of Theoretical Biology 113: 517–527.

    Google Scholar 

  • Peltzman, S. (1976). Toward a more general theory of regulation. Journal of Law and Economics 19: 211–240.

    Google Scholar 

  • Posner, R. (1975). The social costs of monopoly and regulation, Journal of Political Economy 83: 807–827; reprinted in J.M. Buchanan, R. Tollison and G. Tullock (1980), Toward a theory of the rent seeking society, 71–94. Texas A&M Press.

    Google Scholar 

  • Riley, J.G., and Samuelson, W.F. (1981). Optimal auctions. American Economic Review 71: 381–392.

    Google Scholar 

  • Rogerson, W.P. (1982). The social cost of monopoly and regulation: A game theoretic analysis. Bell Journal of Economics 13: 391–401.

    Google Scholar 

  • Smith, J.M. (1982). Evolution and the theory of games. Cambridge University Press.

  • Tollison, R.D. (1982). Rent seeking: A survey. Kyklos 35: 575–602.

    Google Scholar 

  • Tullock, G. (1967). The welfare costs of tariffs, monopolies and theft, Western Economic Journal 5: 224–232; reprinted in J.M. Buchanan, R. Tollison and G. Tullock (1980), Toward a theory of the rent seeking society, 269–282. Texas A&M Press.

    Google Scholar 

  • Tullock, G. (1980). Efficient rent seeking. In J.M. Buchanan, R. Tollison and G. Tullock, Toward a theory of the rent seeking society, 269–282. Texas A&M Press.

  • Tullock, G. (1984). Long run equilibrium and total expenditures in rent seeking: Comment. Public Choice 43: 95–97.

    Google Scholar 

  • Tullock, G. (1985). Back to the bog. Public Choice 46: 259–263.

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Additional information

We thank without implicating Harold Demsetz, Franklin Fisher, Jack Hirshleifer, John Riley, Al Roth and Gordon Tullock for comments on a previous draft of this paper.

Rights and permissions

Reprints and permissions

About this article

Cite this article

Hillman, A.L., Samet, D. Dissipation of contestable rents by small numbers of contenders. Public Choice 54, 63–82 (1987). https://doi.org/10.1007/BF00123805

Download citation

  • Issue Date:

  • DOI: https://doi.org/10.1007/BF00123805

Keywords

Navigation