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Public Choice

, Volume 93, Issue 3–4, pp 373–388 | Cite as

A comparison of rent-seeking models and economic models of conflict

  • Hugh M. Neary
Article

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 analyse 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.

Keywords

Marginal Cost Public Choice American Economic Review Consumption Expenditure Success Function 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Kluwer Academic Publishers 1997

Authors and Affiliations

  • Hugh M. Neary
    • 1
  1. 1.Department of EconomicsUniversity of British ColumbiaVancouverCanada

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