The strategic equivalence of rent-seeking, innovation, and patent-race games

被引:170
作者
Baye, MR
Hoppe, HC
机构
[1] Univ Bonn, Dept Econ, Chair Econ Theory 2, D-53113 Bonn, Germany
[2] Indiana Univ, Kelley Sch Business, Dept Business Econ, Bloomington, IN 47405 USA
关键词
contest; rent seeking; innovation tournament; R&D; patents;
D O I
10.1016/S0899-8256(03)00027-7
中图分类号
F [经济];
学科分类号
02 ;
摘要
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. (C) 2003 Elsevier Inc. All rights reserved.
引用
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页码:217 / 226
页数:10
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