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Bequests, sibling rivalry, and rent seeking |
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| Authors: | Roger L Faith Brian L Goff Robert D Tollison |
| Institution: | 1. Department of Economics, Arizona State University, Tempe, AZ, 85287-3806, USA 2. Department of Economics, Western Kentucky University, Bowling Green, KY, 42101, USA 3. Department of Economics, Clemson University, Clemson, SC, 29631, USA |
| Abstract: | We examine bequest-sharing rules where sibling rivalry creates wasteful competition for intergenerational transfers. We show that equal division of bequests minimizes rent-seeking expenditures by siblings while primogeniture maximizes rent-seeking costs. Our results lend theoretical support to the empirical findings of equal bequests without appeal to complex models of the parent-child relationship. |
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