Productive and Unproductive Competition: A Unified Framework

Alice Guerra, Barbara Luppi, Francesco Parisi

    Publikation: Working paperForskning

    Abstrakt

    Conventional theories of competition classify contests as being either “productive,” when the competitive efforts generate a surplus for society, or “unproductive,” when competition generates no social surplus and merely distributes already existing resources. These two discrete categories of competition create a division of real-world situations into analytical categories that fails to recognize the entire spectrum of competitive activities. Taking the existing models of productive and unproductive competition as benchmark idealizations, this paper explores the relationship between the privately and socially optimal levels of competition in the full range of intermediate cases, as well as in the extremum cases of destructive and super-productive competition.
    OriginalsprogEngelsk
    Udgivelses stedMinneapolis, MN
    UdgiverUniversity of Minnesota Press
    Antal sider21
    DOI
    StatusUdgivet - 4 maj 2016
    NavnMinnesota Legal Studies Research Paper
    Nummer14-23

    Bibliografisk note

    Previously circulated under the title "Dissipation Through Competition" (2014)

    Emneord

    • Contests
    • Rent seeking
    • Unproductive competition
    • Productive competition
    • Patent races

    Citationsformater

    Guerra, A., Luppi, B., & Parisi, F. (2016). Productive and Unproductive Competition: A Unified Framework. Minneapolis, MN: University of Minnesota Press. Minnesota Legal Studies Research Paper, Nr. 14-23 https://doi.org/10.2139/ssrn.2433607