Details
| Original language | English |
|---|---|
| Pages (from-to) | 217-226 |
| Number of pages | 10 |
| Journal | Games and economic behavior |
| Volume | 44 |
| Issue number | 2 |
| Early online date | 17 May 2003 |
| Publication status | Published - Aug 2003 |
| Externally published | Yes |
Abstract
We establish the strategic equivalence of a variety of rent-seeking contests, innovation tournaments, and patent-race games. The results allow us to disentangle negative and positive externalities, and to apply theorems and results intended for rent-seeking games to other games, and vice versa. We conclude with several examples that highlight the practical utility of our results.
Keywords
- Contest, Innovation tournament, Patents, R&D, Rent seeking
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)
- Finance
- Economics, Econometrics and Finance(all)
- Economics and Econometrics
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In: Games and economic behavior, Vol. 44, No. 2, 08.2003, p. 217-226.
Research output: Contribution to journal › Article › Research › peer review
}
TY - JOUR
T1 - The strategic equivalence of rent-seeking, innovation, and patent-race games
AU - Baye, Michael R.
AU - Hoppe, Heidrun C.
PY - 2003/8
Y1 - 2003/8
N2 - We establish the strategic equivalence of a variety of rent-seeking contests, innovation tournaments, and patent-race games. The results allow us to disentangle negative and positive externalities, and to apply theorems and results intended for rent-seeking games to other games, and vice versa. We conclude with several examples that highlight the practical utility of our results.
AB - We establish the strategic equivalence of a variety of rent-seeking contests, innovation tournaments, and patent-race games. The results allow us to disentangle negative and positive externalities, and to apply theorems and results intended for rent-seeking games to other games, and vice versa. We conclude with several examples that highlight the practical utility of our results.
KW - Contest
KW - Innovation tournament
KW - Patents
KW - R&D
KW - Rent seeking
UR - http://www.scopus.com/inward/record.url?scp=0042659334&partnerID=8YFLogxK
U2 - 10.1016/S0899-8256(03)00027-7
DO - 10.1016/S0899-8256(03)00027-7
M3 - Article
AN - SCOPUS:0042659334
VL - 44
SP - 217
EP - 226
JO - Games and economic behavior
JF - Games and economic behavior
SN - 0899-8256
IS - 2
ER -