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Evolutionary equilibrium in Tullock contests: spite and overdissipation

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  • Hehenkamp, B.
  • Leininger, W.
  • Possajennikov, A.

Abstract

Tullock's analysis of rent-seeking as a contest is reconsidered from an evolutionary point of view. We show that evolutionary stable behavior in a Tullock contest exists and differs from behavior in Nash equilibrium. Evolutionary stable behavior in these contests is robust in a strong sense and may entail overdissipation of the contested rent.
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Suggested Citation

  • Hehenkamp, B. & Leininger, W. & Possajennikov, A., 2004. "Evolutionary equilibrium in Tullock contests: spite and overdissipation," European Journal of Political Economy, Elsevier, vol. 20(4), pages 1045-1057, November.
    • Handle: RePEc:eee:poleco:v:20:y:2004:i:4:p:1045-1057
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    1. Alex Possajennikov, 2003. "Evolutionary foundations of aggregate-taking behavior," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 21(4), pages 921-928, June.
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    8. Baye, Michael R & Kovenock, Dan & de Vries, Casper G, 1999. "The Incidence of Overdissipation in Rent-Seeking Contests," Public Choice, Springer, vol. 99(3-4), pages 439-454, June.
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    More about this item

    JEL classification:

    • C79 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Other
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior

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