Productive and Unproductive Competition: A Unified Framework

Alice Guerra, Barbara Luppi, Francesco Parisi

    Research output: Working paperResearch

    Abstract

    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.
    Original languageEnglish
    Place of PublicationMinneapolis, MN
    PublisherUniversity of Minnesota Press
    Number of pages21
    DOIs
    Publication statusPublished - 4 May 2016
    SeriesMinnesota Legal Studies Research Paper
    Number14-23

    Bibliographical note

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

    Keywords

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

    Cite this

    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, No. 14-23 https://doi.org/10.2139/ssrn.2433607
    Guerra, Alice ; Luppi, Barbara ; Parisi, Francesco. / Productive and Unproductive Competition : A Unified Framework. Minneapolis, MN : University of Minnesota Press, 2016. (Minnesota Legal Studies Research Paper; No. 14-23).
    @techreport{25004a175bd24f39b29e0c7905b26a01,
    title = "Productive and Unproductive Competition: A Unified Framework",
    abstract = "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.",
    keywords = "Contests, Rent seeking, Unproductive competition, Productive competition, Patent races, Contests, Rent seeking, Unproductive competition,, Productive competition, Patent races",
    author = "Alice Guerra and Barbara Luppi and Francesco Parisi",
    note = "Previously circulated under the title {"}Dissipation Through Competition{"} (2014)",
    year = "2016",
    month = "5",
    day = "4",
    doi = "10.2139/ssrn.2433607",
    language = "English",
    series = "Minnesota Legal Studies Research Paper",
    publisher = "University of Minnesota Press",
    number = "14-23",
    address = "United States",
    type = "WorkingPaper",
    institution = "University of Minnesota Press",

    }

    Guerra, A, Luppi, B & Parisi, F 2016 'Productive and Unproductive Competition: A Unified Framework' University of Minnesota Press, Minneapolis, MN. https://doi.org/10.2139/ssrn.2433607

    Productive and Unproductive Competition : A Unified Framework. / Guerra, Alice; Luppi, Barbara; Parisi, Francesco.

    Minneapolis, MN : University of Minnesota Press, 2016.

    Research output: Working paperResearch

    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 -

    Guerra A, Luppi B, Parisi F. Productive and Unproductive Competition: A Unified Framework. Minneapolis, MN: University of Minnesota Press. 2016 May 4. https://doi.org/10.2139/ssrn.2433607