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A Comparison of Rent-Seeking Models and Economic Models of Conflict

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  • Neary, Hugh M

Abstract

This paper provides a comparative analysis of the basic rent-seeking model and a simple economic model of conflict. Each model is concerned with a game in which players invest resources in pursuit of a prize. The purpose of the analysis is to elucidate structural differences between the two models and to analyze the consequent behavioral differences and equilibrium outcomes in the two cases. A key finding is that, where such comparisons are possible, the conflict model tends to involve greater relative expenditure on wealth-redistribution activities than does the rent-seeking model. Copyright 1997 by Kluwer Academic Publishers

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  • Neary, Hugh M, 1997. "A Comparison of Rent-Seeking Models and Economic Models of Conflict," Public Choice, Springer, vol. 93(3-4), pages 373-388, December.
    • Handle: RePEc:kap:pubcho:v:93:y:1997:i:3-4:p:373-88
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