Endogenous timing in general rent-seeking and conflict models

The Size of Rent-seeking Activity in Iran's Foreign Trade Sector: An Application of the DSGE Approach

Rent-seeking in the trade sector is an outcome of restrictions imposed on tariffs and import quotas by a government. In an effort to acquire more privilege in foreign trade, labor allocates a part of its time-effort to rent-seeking activity, while cutting down on production work. Given the importance of rent-seeking activity due to restrictions imposed by the government in the Iranian economy, ...

What Is The Driving Force Behind Industrial Development In Iran? Rent Seeking And Labor Exploitation As The Driving Force Of Industrial Growth

The Opportunity Costs of Rent Seeking

The costs of rent seeking exceed traditional measures when opportunity cost is considered. When the quantity of resources consumed by rent seeking is large, rent seeking draws consumer surplus out of alternative resource employments. The costs of rent seeking differ in partial and general equilibrium frameworks; Tullock (1989) recognizes this but incorrectly argues that rent seeking costs are t...

Working Paper Draft Economic Analysis of Persistent Civil Conflict : Violence , Corruption and Rent - Seeking

Economics of conflict, corruption and rent seeking are combined to create an analytical framework for empirical research on the phenomenon of prolonged civil conflict. Prolonged conflict is understood to last across at least one generation in a society. Game theory and a supporting narrative identify five empirical hypotheses to be tested against qualitative and quantitative data developed from...

Rent-seeking for a Risky Rent a Model and Experimental Investigation

Rent-seeking models have been used to predict and explain a wide variety of political decisions. This paper extends Tullock’s classic rent-seeking model to the case of a risky rent, where the winner of the rent-seeking contest does not receive the rent for sure, but only probabilistically. We derive the equilibrium and comparative static predictions from our extended model and present the resul...