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The Stability Of Dynamic Rent-Seeking Games

Author

Listed:
  • LIN XU

    (Systems and Industrial Engineering Department, University of Arizona, Tucson AZ 85721, USA)

  • FERENC SZIDAROVSZKY

    (Systems and Industrial Engineering Department, University of Arizona, Tucson AZ 85721, USA)

Abstract

The asymptotical stability of the equilibrium in dynamic rent-seeking games is examined. Both discrete and continuous time scales are considered. Sufficient, necessary and sufficient stability conditions are derived and then economic interpretations are discussed. Special cases of linear production functions are used to illustrate the conditions.

Suggested Citation

  • Lin Xu & Ferenc Szidarovszky, 1999. "The Stability Of Dynamic Rent-Seeking Games," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 1(01), pages 87-102.
    • Handle: RePEc:wsi:igtrxx:v:01:y:1999:i:01:n:s0219198999000074
    DOI: 10.1142/S0219198999000074
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    Citations

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    Cited by:

    1. Frederik Schmidt, 2008. "The Stability of Dynamic Contests with Asymmetric and Endogenous Prizes," Economics Bulletin, AccessEcon, vol. 3(4), pages 1-9.
    2. repec:ebl:ecbull:v:3:y:2008:i:4:p:1-9 is not listed on IDEAS
    3. O. Bundau & M. Neamtu & D. Opris, 2007. "Rent seeking games with tax evasion," Papers 0706.0664, arXiv.org.
    4. Akio Matsumoto & Ferenc Szidarovszky, 2022. "Stability of dynamic asymmetric contests with endogenous prizes," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 17(1), pages 29-40, January.

    More about this item

    JEL classification:

    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • C0 - Mathematical and Quantitative Methods - - General
    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • D5 - Microeconomics - - General Equilibrium and Disequilibrium
    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics

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