Productive and Unproductive Competition: A Unified Framework

Alice Guerra, Barbara Luppi, Francesco Parisi

Publikation: Bidrag til tidsskriftTidsskriftartikelForskningpeer review

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 revisits 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
TidsskriftEconomia Politica
Vol/bind36
Udgave nummer3
Sider (fra-til)785–804
Antal sider20
ISSN1120-2890
DOI
StatusUdgivet - okt. 2019

Emneord

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

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