Equilibrium Strategies of Rent-seeking Games of Developer Based on Improved Tullock Model
Qidi Wu · Journal of Tongji University · 2010
This study focuses on equilibrium strategy of developer land rent-seeking game.At first,the classical Tullock rent-seeking game model was improved and the rent-seeking games model was established based on differents expectation of land value.Subsequently,the analysis of game equilibrium was conducted under equalization assessment and discrepancy assessment of land value and an effective equilibrium strategy of rent-seeking games participant was realized.This model can be used for the result forecast of rent-seeking games,which benefits for an economical and reasonable use of social resources.Eventually,a practical example was provided to illustrate the validity and feasibility of this model.