Richman games with particular application to rent-seeking

Manlapig, Enrico. (2000). Richman games with particular application to rent-seeking Honours Thesis, School of Economics, The University of Queensland.

       
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Author Manlapig, Enrico.
Thesis Title Richman games with particular application to rent-seeking
School, Centre or Institute School of Economics
Institution The University of Queensland
Publication date 2000
Thesis type Honours Thesis
Total pages 101
Language eng
Subjects 14 Economics
Formatted abstract
This thesis provides a technical review of the recent literature on Richman games. Richman games are a hybrid between combinatorial games and non-cooperative games. They are played on networks by allowing players to bid for the right to move a token from one vertex of the network to another vertex along an edge.

Variation in the auction play of the Richman game gives rise to the Poorman and Taxman game - both of which are considered in later chapters. This thesis also solves a variety of graphs under Richman, Poorman and Taxman rules by means of a heuristic algorithm.

Incorporating the theoretical results developed and the heuristic algorithms, an application of the Richman game (and its variants) is developed. The specific application, log-rolling, comes from the classical rent-seeking literature of Tullock and Mueller. Logrolling is a rent-seeking situation where players trade present economic rent for future economic rent.


Document type: Thesis
Collection: UQ Theses (non-RHD) - UQ staff and students only
 
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Created: Mon, 29 Nov 2010, 13:07:32 EST by Ning Jing on behalf of The University of Queensland Library