Delegation with multiple instruments in a rent-seeking contest
AbstractWe 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 2007
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Bibliographic InfoArticle provided by Springer in its journal Public Choice.
Volume (Year): 131 (2007)
Issue (Month): 3 (June)
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Web page: http://www.springerlink.com/link.asp?id=100332
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).
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