Classroom Games

Rent-Seeking and the Inefficiency of Non-Market Allocations

Bibliographic Data

ID14855159
AuthorsJacob K Goeree (0000-0001-9876-3425, University of Virginia, Charlottesville, Virginia.), Charles A Holt (0000-0002-7282-0185, University of Virginia, Charlottesville, Virginia.)
Year1999
Volume13
Issue3
Pages217-226
Publication date1999-08-01
Open AccessYes
TypeARTICLE
VenueThe Journal of Economic Perspectives (JOURNAL)
Journal identifiersISSN: 0895-3309 • E-ISSN: 1944-7965
PublisherAmerican Economic Association (PUBLISHER • US)
DOI10.1257/jep.13.3.217
OpenAlexW2115887738
LanguageEN
Citations received4
References cited10

Economics is often taught at a level of abstraction that can hinder some students from gaining basic intuition. However, lecture and textbook presentations can be complemented with classroom exercises in which students make decisions and interact. The approach can increase interest in and decrease skepticism about economic theory. This feature offers short descriptions of classroom exercises for a variety of economics courses, with something of an emphasis on the more popular undergraduate courses

Abstraction · Cognitive science · Economics · Epistemology · Inefficiency · Intuition · Mathematics education · Microeconomics · Political science · Positive economics · Rent-seeking · Skepticism · Auction Theory and Applications · Computer Science · Economic theories and models · Experimental Behavioral Economics Studies · Law · Psychology · Artificial Intelligence

Tools

Open DOISci-HubOpen Access