• Title of article

    The specification of the probability functions in Tullockʹs rent-seeking contest

  • Author/Authors

    Peter Kooreman، نويسنده , , Lambert Schoonbeek، نويسنده ,

  • Issue Information
    روزنامه با شماره پیاپی سال 1997
  • Pages
    3
  • From page
    59
  • To page
    61
  • Abstract
    In his model of a rent-seeking contest, [Tullock, G., 1980, Efficient rent seeking. In: Buchanan, J.M., Tollison, R.D., Tullock, G. (Eds.). Toward a theory of the rent-seeking society. Texas A and M University Press, College Station, pp. 97–112] uses a simple concrete specification for the probability functions which determine the probability that a player wins the contest, given the bids made by the players. We discuss in general terms a set of conditions that can be imposed on probability functions in this game. Next, we show that the specification chosen by Tullock is the unique one that satisfies these conditions.
  • Keywords
    Rent-seeking contest , Probability to win
  • Journal title
    Economics Letters
  • Serial Year
    1997
  • Journal title
    Economics Letters
  • Record number

    434367