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Productive and unproductive competition: a unified framework

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 revisits 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. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png "Economia Politica" Springer Journals

Productive and unproductive competition: a unified framework

Guerra, Alice; Luppi, Barbara; Parisi, Francesco
"Economia Politica" , Volume 36 (3): 20 – Oct 1, 2019
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References (65)

Publisher
Springer Journals
Copyright
2017 Springer International Publishing AG
ISSN
1120-2890
eISSN
1973-820X
DOI
10.1007/s40888-017-0077-z
Publisher site
See Article on Publisher Site

Abstract

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 revisits 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.

Journal

"Economia Politica" – Springer Journals

Published: Oct 1, 2019

Keywords: Economic Policy; International Political Economy

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