income distribution and rent seeking costs: a note

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ID: 228817
2010
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Abstract
This paper analyzes a rent seeking competition where risk neutral agents have a different income. The individual income is private information but the income distribution is common information. Like the Hillman and Samet (1987) model the individual outlays in rent seeking is equal to the expected rent, but the winning probability for each agent is a function of its income. As a consequence, the social costs of the rent seeking depend on the income distribution and they can be lesser than the traditional measure pointed out by Hillman and Samet (1987).
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antonelli2010annalsincome Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors ;MARIA ALESSANDRA ANTONELLI
Journal jmir medical informatics
Year 2010
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