= 27d567bc2d48d9f40e9ccc20ea370b15)
cousin_it comments on Open Thread, August 1-15, 2012 - Less Wrong
You are viewing a comment permalink. View the original post to see all comments and the full post content.
= 783df68a0f980790206b9ea87794c5b6)
Loading…= b715d02e85f7b3b4ae65ca3d3e450868)
Subscribe to RSS Feed
Powered by Reddit
= f037147d6e6c911a85753b9abdedda8d)
You are viewing a comment permalink. View the original post to see all comments and the full post content.
Comments (149)
"Rent dissipation is deļ¬ned as the total expenditure of resources by all agents attempting to capture a rent or prize." It's an interesting concept, but seems to be slightly different from what I meant. In the situations above, wolves eat your surplus without spending much resources.
In that case it's a related topic called "rent seeking", I think. The second paper I linked above talks about how simple models of rent seeking predict total rent dissipation, but the paper wants to challenge that.
The Jevons paradox and rebound effect articles are more like what I had in mind, but still a little different.