A Rent-Seeking Experiment for the Classroom

Autor/inn/en	Strow, Brian Kent; Strow, Claudia Wood
Titel	A Rent-Seeking Experiment for the Classroom
Quelle	In: Journal of Economic Education, 37 (2007) 3, S.323-330 (8 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0022-0485
DOI	10.3200/JECE.37.3.323-330
Schlagwörter	Microeconomics; Macroeconomics; Competition; Economics Education; Active Learning; Educational Games; Class Activities; Undergraduate Study; Discussion (Teaching Technique); College Instruction + Suchen Sie Ihr Suchwort? Mikroökonomie; Makroökonomie; Wettkampf; Wirtschaftskunde; Aktives Lernen; Educational game; Lernspiel; Grundstudium; Hochschullehre
Abstract	Recent research has demonstrated that active learning techniques improve student comprehension and retention of abstract economic ideas such as rent seeking. Instructors can reinforce the concept of rent seeking with a classroom game, particularly one involving real money. The authors improve upon a game first introduced by Goeree and Holt (1999) and later expanded upon by Bischoff and Hofmann (2002). The authors present a version of the game in which students participate in an all-pay auction, risking their own money, and discover first hand the potential inefficiencies of rent seeking. The authors suggest extensions of the rent-seeking game, including discussions of social welfare effects, equity, campaign finance reform, tax simplification, and congressional reforms designed to limit the influence of rent seeking in the economy. (Contains 1 figure and 3 notes.) (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10