COORDINACIÓN Y BÚSQUEDA DE NORMAS: UN ENFOQUE DESDE LA TEORÍA DE LA ELECCIÓN PÚBLICA

Abstract

The present paper analyzes competitive coordination games from a public choice approach. In these, agents may engage in a rent-seeking competition for norms, which redefines property rights and has redistributive effects. For a binary population, the work shows that rent dissipation will depend on the asymmetry of the payoffs, the returns of the rent-seeking activities and on the population distribution. The main conclusion is that, under plausible conditions, the rent dissipation will not be perfect. Classification-JEL : D72rent-seeking, coordination games, welfare losses, collective action.