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  5. Classroom Games: Rent-Seeking and the Inefficiency of Non-market Allocations

Journal of Economic Perspectives

ISSN 0895-3309 (Print) | ISSN 1944-7965 (Online)

Classroom Games: Rent-Seeking and the Inefficiency of Non-market Allocations

  • Jacob K. Goeree
  • Charles A. Holt
Journal of Economic Perspectives
vol. 13, no. 3, Summer 1999
(pp. 217–226)
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Abstract

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.

Citation

Goeree, Jacob, K., and Charles A. Holt. 1999. "Classroom Games: Rent-Seeking and the Inefficiency of Non-market Allocations." Journal of Economic Perspectives, 13 (3): 217–226. DOI: 10.1257/jep.13.3.217

JEL Classification

  • A20 Economic Education and Teaching of Economics: General
  • D72 Models of Political Processes: Rent-seeking, Elections, Legislatures, and Voting Behavior
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