Delegation with multiple instruments in a rent-seeking contest
Abstract
We consider delegation in a rent-seeking contest with two players, where delegates have more instruments at their disposal than the main players. We endogenize both the decision to hire a delegate and the contingent fee offered to the delegates. We characterize the situations when either no, one or two players hire a delegate in equilibrium. We show that the decision to hire a delegate depends in a non-monotonic way on the size of the contested prize. Copyright Springer Science+Business Media, LLC 2007Download Info
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Bibliographic Info
Article provided by Springer in its journal Public Choice.
Volume (Year): 131 (2007)
Issue (Month): 3 (June)
Pages: 453-464
Contact details of provider:
Web page: http://www.springerlink.com/link.asp?id=100332
Related research
Keywords: Contest; Delegation; Multiple instruments;Other versions of this item:
- Schoonbeek, Lambert, 2006. "Delegation with multiple instruments in a rent-seeking contest," Research Report 06C11, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
References
References listed on IDEASPlease 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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- Schoonbeek, Lambert, 2004.
"Delegation in a group-contest,"
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- 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.
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"A delegated agent in a winner-take-all contest,"
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- Lambert Schoonbeek, 2002. "A delegated agent in a winner-takes-all contest," Applied Economics Letters, Taylor and Francis Journals, vol. 9(1), pages 21-23.
- Nitzan, Shmuel, 1994. "Modelling rent-seeking contests," European Journal of Political Economy, Elsevier, vol. 10(1), pages 41-60, May.
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Christian Rusche, 2011. "Does Delegation Help to Prevent Spiteful Behavior?," Ruhr Economic Papers 0270, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
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