An experimental examination of rational rent-seeking
نویسندگان
چکیده
منابع مشابه
An experiment on sequential rent-seeking
In an experiment on sequential rent seeking, we find that the theoretically predicted first-mover advantage does not exist empirically. Rather, a second-mover advantage can be observed. Though the subgame perfect equilibrium can not prevail in experiment, individual behavior is highly reasonable nevertheless, such that subjects appear to play a reduced form of the original game. We also observe...
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ژورنال
عنوان ژورنال: European Journal of Political Economy
سال: 1998
ISSN: 0176-2680
DOI: 10.1016/s0176-2680(98)00037-8