Delegation in a group-contest
AbstractIt is known that the option of delegation in a rent-seeking contest between two individuals leads to a prisoner's dilemma. In equilibrium no player hires a delegate, while it is Pareto-efficient if both would hire one. This paper shows that this result does not generalize to a contest between the members of two groups. We further provide the conditions under which zero, one, or both groups hire a delegate in equilibrium.
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Bibliographic InfoArticle provided by Elsevier in its journal European Journal of Political Economy.
Volume (Year): 20 (2004)
Issue (Month): 1 (March)
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Web page: http://www.elsevier.com/locate/inca/505544
Other versions of this item:
- Schoonbeek, Lambert, 2002. "Delegation in a group-contest," Research Report 02F03, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
- Schoonbeek, Lambert, 2002. "Delegation in a group-contest," CCSO Working Papers 200201, University of Groningen, CCSO Centre for Economic Research.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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