Coexistence Of Profit-Seeking And Rentseeking Behaviors As An Evolutionary Stable Strategy In A Large-Population Playing The Field Model
This paper explores the coexistence of productive, profit-seeking behavior and unproductive, rent-seeking behavior using an evolutionary game approach. It identifies a unique Evolutionarily Stable Strategy (ESS) and shows how the prevalence of unproductive agents directly influences the incentives...
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| Format: | Article |
| Language: | Portuguese |
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Universidade Federal de Santa Catarina
2024-12-01
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| Series: | Textos de Economia |
| Subjects: | |
| Online Access: | https://periodicos.ufsc.br/index.php/economia/article/view/103772 |
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| author | Jaylson Jair da Silveira Felipe Coelho Sigrist |
| author_facet | Jaylson Jair da Silveira Felipe Coelho Sigrist |
| author_sort | Jaylson Jair da Silveira |
| collection | DOAJ |
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This paper explores the coexistence of productive, profit-seeking behavior and unproductive, rent-seeking behavior using an evolutionary game approach. It identifies a unique Evolutionarily Stable Strategy (ESS) and shows how the prevalence of unproductive agents directly influences the incentives to either engage in productive activities, modeled on Cournot competition, or participate in rent-seeking contests, similar to the Tullock framework, for a share of the productive sector's output. The paper further explores how institutional factors—such as the marginal return to contest participation and government taxation of the productive sector—affect the spread and persistence of rent-seeking behavior. In line with empirical evidences, the analysis highlights how unproductive behaviors can become entrenched and pervasive within a population, influencing the long-term evolution of economic systems.
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| format | Article |
| id | doaj-art-b7a5b5ba3e824c31a0a42fb709dbb2ac |
| institution | Kabale University |
| issn | 0103-6017 2175-8085 |
| language | Portuguese |
| publishDate | 2024-12-01 |
| publisher | Universidade Federal de Santa Catarina |
| record_format | Article |
| series | Textos de Economia |
| spelling | doaj-art-b7a5b5ba3e824c31a0a42fb709dbb2ac2025-08-20T03:39:48ZporUniversidade Federal de Santa CatarinaTextos de Economia0103-60172175-80852024-12-0127110.5007/2175-8085.2024.e103772Coexistence Of Profit-Seeking And Rentseeking Behaviors As An Evolutionary Stable Strategy In A Large-Population Playing The Field ModelJaylson Jair da SilveiraFelipe Coelho Sigrist This paper explores the coexistence of productive, profit-seeking behavior and unproductive, rent-seeking behavior using an evolutionary game approach. It identifies a unique Evolutionarily Stable Strategy (ESS) and shows how the prevalence of unproductive agents directly influences the incentives to either engage in productive activities, modeled on Cournot competition, or participate in rent-seeking contests, similar to the Tullock framework, for a share of the productive sector's output. The paper further explores how institutional factors—such as the marginal return to contest participation and government taxation of the productive sector—affect the spread and persistence of rent-seeking behavior. In line with empirical evidences, the analysis highlights how unproductive behaviors can become entrenched and pervasive within a population, influencing the long-term evolution of economic systems. https://periodicos.ufsc.br/index.php/economia/article/view/103772Evolutionary gamesRent-seeking contest Evolutionary Stable Strategy Large-population playing the field model |
| spellingShingle | Jaylson Jair da Silveira Felipe Coelho Sigrist Coexistence Of Profit-Seeking And Rentseeking Behaviors As An Evolutionary Stable Strategy In A Large-Population Playing The Field Model Textos de Economia Evolutionary games Rent-seeking contest Evolutionary Stable Strategy Large-population playing the field model |
| title | Coexistence Of Profit-Seeking And Rentseeking Behaviors As An Evolutionary Stable Strategy In A Large-Population Playing The Field Model |
| title_full | Coexistence Of Profit-Seeking And Rentseeking Behaviors As An Evolutionary Stable Strategy In A Large-Population Playing The Field Model |
| title_fullStr | Coexistence Of Profit-Seeking And Rentseeking Behaviors As An Evolutionary Stable Strategy In A Large-Population Playing The Field Model |
| title_full_unstemmed | Coexistence Of Profit-Seeking And Rentseeking Behaviors As An Evolutionary Stable Strategy In A Large-Population Playing The Field Model |
| title_short | Coexistence Of Profit-Seeking And Rentseeking Behaviors As An Evolutionary Stable Strategy In A Large-Population Playing The Field Model |
| title_sort | coexistence of profit seeking and rentseeking behaviors as an evolutionary stable strategy in a large population playing the field model |
| topic | Evolutionary games Rent-seeking contest Evolutionary Stable Strategy Large-population playing the field model |
| url | https://periodicos.ufsc.br/index.php/economia/article/view/103772 |
| work_keys_str_mv | AT jaylsonjairdasilveira coexistenceofprofitseekingandrentseekingbehaviorsasanevolutionarystablestrategyinalargepopulationplayingthefieldmodel AT felipecoelhosigrist coexistenceofprofitseekingandrentseekingbehaviorsasanevolutionarystablestrategyinalargepopulationplayingthefieldmodel |