Abstract
| Original language | English |
|---|---|
| Place of Publication | Minneapolis, MN |
| Publisher | University of Minnesota Press |
| Number of pages | 21 |
| DOIs | |
| Publication status | Published - 4 May 2016 |
| Series | Minnesota Legal Studies Research Paper |
|---|---|
| Number | 14-23 |
Bibliographical note
Previously circulated under the title "Dissipation Through Competition" (2014)Keywords
- Contests
- Rent seeking
- Unproductive competition,
- Productive competition
- Patent races
Cite this
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Productive and Unproductive Competition : A Unified Framework. / Guerra, Alice; Luppi, Barbara; Parisi, Francesco.
Minneapolis, MN : University of Minnesota Press, 2016.Research output: Working paper › Research
TY - UNPB
T1 - Productive and Unproductive Competition
T2 - A Unified Framework
AU - Guerra, Alice
AU - Luppi, Barbara
AU - Parisi, Francesco
N1 - Previously circulated under the title "Dissipation Through Competition" (2014)
PY - 2016/5/4
Y1 - 2016/5/4
N2 - 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.
AB - 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.
KW - Contests
KW - Rent seeking
KW - Unproductive competition
KW - Productive competition
KW - Patent races
KW - Contests
KW - Rent seeking
KW - Unproductive competition,
KW - Productive competition
KW - Patent races
UR - http://ssrn.com/abstract=2433607
U2 - 10.2139/ssrn.2433607
DO - 10.2139/ssrn.2433607
M3 - Working paper
T3 - Minnesota Legal Studies Research Paper
BT - Productive and Unproductive Competition
PB - University of Minnesota Press
CY - Minneapolis, MN
ER -