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Evolutionary equilibrium in Tullock contests: spite and overdissipation

In: 40 Years of Research on Rent Seeking 1

Author

Listed:
  • B. Hehenkamp

    (University of Dortmund)

  • W. Leininger

    (University of Dortmund)

  • A. Possajennikov

    (University of Nottingham)

Abstract

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

Suggested Citation

  • B. Hehenkamp & W. Leininger & A. Possajennikov, 2003. "Evolutionary equilibrium in Tullock contests: spite and overdissipation," Springer Books, in: Roger D. Congleton & Arye L. Hillman & Kai A. Konrad (ed.), 40 Years of Research on Rent Seeking 1, pages 473-485, Springer.
    • Handle: RePEc:spr:sprchp:978-3-540-79182-9_34
    DOI: 10.1007/978-3-540-79182-9_34
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    References listed on IDEAS

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    1. Michael R. Baye & Dan Kovenock & Casper G. Vries, 2005. "Comparative Analysis of Litigation Systems: An Auction-Theoretic Approach," Economic Journal, Royal Economic Society, vol. 115(505), pages 583-601, July.
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    5. Wolfgang Leininger, 2002. "Contests over Public Goods: Evolutionary Stability and the Free-Rider Problem," CESifo Working Paper Series 713, CESifo.
    6. 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.
    7. Wolfgang Leininger, 2003. "On evolutionarily stable behavior in contests," Economics of Governance, Springer, vol. 4(3), pages 177-186, November.
    8. Armen A. Alchian, 1950. "Uncertainty, Evolution, and Economic Theory," Journal of Political Economy, University of Chicago Press, vol. 58(3), pages 211-211.
    9. 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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    11. J. Maynard Smith, 2010. "The Theory of Games and Evolution of Animal Conflicts," Levine's Working Paper Archive 448, David K. Levine.
    12. Baye, Michael R. & Hoppe, Heidrun C., 2003. "The strategic equivalence of rent-seeking, innovation, and patent-race games," Games and Economic Behavior, Elsevier, vol. 44(2), pages 217-226, August.
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    More about this item

    Keywords

    Contests; Evolutionary stable strategy; Spite; Overdissipation;
    All these keywords.

    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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