Efficient Rent-Seeking Revisited
In, Toward a Theory of the Rent-Seeking Society, there is an article entitled “Efficient Rent-Seeking”, which among other things presents a rather difficult mathematical problem. The next 5 articles in this collection are devoted to the essentially mathematical discussions set off by this problem. In order not to keep the reader in suspense, I should say that it is still a problem and, indeed, one of the points of publishing this exchange is the hope that it will inspire mathematically inclined readers to solve the matter.
KeywordsNash Equilibrium Marginal Cost Individual Investment Cube Root Mathematical Discussion
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