This paper reviews the literature on commercial sport through the lens of the economic
theory of contests/tournaments. It seeks to draw together research on incentives in …

Many economic, political and social environments can be described as contests in which
agents exert costly effort while competing over the distribution of a scarce resource. These …

This book represents a considerable revision and expansion of Public Choice II (1989). As
in the previous additions, all of the major topics of public choice are covered. These include …

Utilizing a unique data set, Zoltan Acs and David Audretsch provide a rich empirical analysis
of the increased importance of small firms in generating technological innovations and their …

" Little else is required to carry a state to the highest degree of opulence from the lowest
barbarism, but peace, easy taxes, and a tolerable administration of justice; all the rest being …

Tournaments, conflict, and rent-seeking have been modelled as contests in which
participants exert effort to increase their probability of winning a prize. A Contest Success …

This paper examines interaction in the absence of property rights when agents face a trade-
off between productive and coercive activities. In this setting, conflict is not the necessary …

In a (first price) all-pay auction, bidders simultaneously submit bids for an item. All players
forfeit their bids, and the high bidder receives the item. This auction is widely used in …

The rent-seeking competitions studied by economists fall within a much broader category of
conflict interactions that also includes military combats, election campaigns, industrial …

Anarchy, defined as a system in which participants can seize and defend resources without
regulation from above, is not chaos but rather a spontaneous order. However, anarchy is …