IDEAS home Printed from https://ideas.repec.org/a/eee/matsoc/v109y2021icp106-112.html
   My bibliography  Save this article

Multimarket lobbying with reserves

Author

Listed:
  • Shy, Oz

Abstract

This article presents a model of two firms with fixed budgets that simultaneously hire lobbyists to obtain exclusive contracts in multiple markets. In a pure-strategy equilibrium, neither firm can increase its payoff by using its reserves to hire more lobbyists in any market. Efficiency criterion is defined in order to facilitate the ranking of lobbyist allocations with the same payoffs, where efficiency is improved with the aggregate number of lobbyists that firms keep on reserve. Efficiency comparisons are used to reduced the number of pure-strategy equilibria.

Suggested Citation

  • Shy, Oz, 2021. "Multimarket lobbying with reserves," Mathematical Social Sciences, Elsevier, vol. 109(C), pages 106-112.
    • Handle: RePEc:eee:matsoc:v:109:y:2021:i:c:p:106-112
    DOI: 10.1016/j.mathsocsci.2020.11.001
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0165489620301037
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.mathsocsci.2020.11.001?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. D. W. Blackett, 1958. "Pure strategy solutions of blotto games," Naval Research Logistics Quarterly, John Wiley & Sons, vol. 5(2), pages 107-109, June.
    2. Martin Shubik & Robert James Weber, 1981. "Systems defense games: Colonel blotto, command and control," Naval Research Logistics Quarterly, John Wiley & Sons, vol. 28(2), pages 281-287, June.
    3. Kvasov, Dmitriy, 2007. "Contests with limited resources," Journal of Economic Theory, Elsevier, vol. 136(1), pages 738-748, September.
    4. Jean-Pierre Benoît & Vijay Krishna, 2001. "Multiple-Object Auctions with Budget Constrained Bidders," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 68(1), pages 155-179.
    5. Hall, Richard L. & Deardorff, Alan V., 2006. "Lobbying as Legislative Subsidy," American Political Science Review, Cambridge University Press, vol. 100(1), pages 69-84, February.
    6. Klumpp, Tilman & Konrad, Kai A. & Solomon, Adam, 2019. "The dynamics of majoritarian Blotto games," Games and Economic Behavior, Elsevier, vol. 117(C), pages 402-419.
    7. Caroline Thomas, 2018. "N-dimensional Blotto game with heterogeneous battlefield values," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 65(3), pages 509-544, May.
    8. AmirMahdi Ahmadinejad & Sina Dehghani & MohammadTaghi Hajiaghayi & Brendan Lucier & Hamid Mahini & Saeed Seddighin, 2019. "From Duels to Battlefields: Computing Equilibria of Blotto and Other Games," Management Science, INFORMS, vol. 44(4), pages 1304-1325, November.
    9. Szentes, Balazs & Rosenthal, Robert W., 2003. "Beyond chopsticks: Symmetric equilibria in majority auction games," Games and Economic Behavior, Elsevier, vol. 45(2), pages 278-295, November.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Brian Roberson & Oz Shy, 2021. "Costly force relocation in the Colonel Blotto game," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 9(1), pages 39-52, April.
    2. Enric Boix-Adser`a & Benjamin L. Edelman & Siddhartha Jayanti, 2020. "The Multiplayer Colonel Blotto Game," Papers 2002.05240, arXiv.org, revised May 2021.
    3. Boix-Adserà, Enric & Edelman, Benjamin L. & Jayanti, Siddhartha, 2021. "The multiplayer Colonel Blotto game," Games and Economic Behavior, Elsevier, vol. 129(C), pages 15-31.
    4. Dan Kovenock & Brian Roberson & Roman M. Sheremeta, 2019. "The attack and defense of weakest-link networks," Public Choice, Springer, vol. 179(3), pages 175-194, June.
    5. Dan Kovenock & Brian Roberson, 2021. "Generalizations of the General Lotto and Colonel Blotto games," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 71(3), pages 997-1032, April.
    6. Fehrler, Sebastian & Schneider, Maik T., 2021. "Buying supermajorities in the lab," Games and Economic Behavior, Elsevier, vol. 127(C), pages 113-154.
    7. Aner Sela, 2023. "Resource allocations in the best-of-k ( $$k=2,3$$ k = 2 , 3 ) contests," Journal of Economics, Springer, vol. 139(3), pages 235-260, August.
    8. Subhasish Chowdhury & Dan Kovenock & Roman Sheremeta, 2013. "An experimental investigation of Colonel Blotto games," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 52(3), pages 833-861, April.
    9. Brusco, Sandro & Lopomo, Giuseppe & Marx, Leslie M., 2009. "The [`]Google effect' in the FCC's 700Â MHz auction," Information Economics and Policy, Elsevier, vol. 21(2), pages 101-114, June.
    10. Shakun D. Mago & Roman M. Sheremeta, 2017. "Multi‐battle Contests: An Experimental Study," Southern Economic Journal, John Wiley & Sons, vol. 84(2), pages 407-425, October.
    11. Kai Konrad, 2012. "Information alliances in contests with budget limits," Public Choice, Springer, vol. 151(3), pages 679-693, June.
    12. Deck, Cary & Hao, Li & Porter, David, 2015. "Do prediction markets aid defenders in a weak-link contest?," Journal of Economic Behavior & Organization, Elsevier, vol. 117(C), pages 248-258.
    13. Nejat Anbarc{i} & Kutay Cingiz & Mehmet S. Ismail, 2020. "Proportional resource allocation in dynamic n-player Blotto games," Papers 2010.05087, arXiv.org, revised Jul 2022.
    14. Dan Kovenock & Brian Roberson, 2018. "The Optimal Defense Of Networks Of Targets," Economic Inquiry, Western Economic Association International, vol. 56(4), pages 2195-2211, October.
    15. David Rietzke & Brian Roberson, 2013. "The robustness of ‘enemy-of-my-enemy-is-my-friend’ alliances," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 40(4), pages 937-956, April.
    16. Shakun D. Mago & Roman M. Sheremeta, 2019. "New Hampshire Effect: behavior in sequential and simultaneous multi-battle contests," Experimental Economics, Springer;Economic Science Association, vol. 22(2), pages 325-349, June.
    17. AmirMahdi Ahmadinejad & Sina Dehghani & MohammadTaghi Hajiaghayi & Brendan Lucier & Hamid Mahini & Saeed Seddighin, 2019. "From Duels to Battlefields: Computing Equilibria of Blotto and Other Games," Management Science, INFORMS, vol. 44(4), pages 1304-1325, November.
    18. Adamo, Tim & Matros, Alexander, 2009. "A Blotto game with Incomplete Information," Economics Letters, Elsevier, vol. 105(1), pages 100-102, October.
    19. Le Breton, Michel & Zaporozhets, Vera, 2007. "Legislative Lobbying under Political Uncertainty," IDEI Working Papers 493, Institut d'Économie Industrielle (IDEI), Toulouse.
    20. Kimbrough, Erik O. & Laughren, Kevin & Sheremeta, Roman, 2020. "War and conflict in economics: Theories, applications, and recent trends," Journal of Economic Behavior & Organization, Elsevier, vol. 178(C), pages 998-1013.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:matsoc:v:109:y:2021:i:c:p:106-112. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/505565 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.