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Inheritance, Equal Division and Rent Seeking

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Abstract

We examine bequest-sharing rules where wasteful competition for bequests is possible by children. We show that equal division minimizes rent-seeking expenditures by siblings. Finally, we employ a theory of rational social norms in order to discuss the evolution of bequest norms in the Middle Ages from primogeniture to partible inheritances in some parts of Western Europe.

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  • Roger Faith & Robert Tollison, "undated". "Inheritance, Equal Division and Rent Seeking," Working Papers 2133341, Department of Economics, W. P. Carey School of Business, Arizona State University.
    • Handle: RePEc:asu:wpaper:2133341
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