Delegation with multiple instruments in a rent-seeking contest
AbstractAbstract : 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-monotone way on the size of the contested prize.
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Bibliographic InfoPaper provided by University of Groningen, Research Institute SOM (Systems, Organisations and Management) in its series Research Report with number 06C11.
Date of creation: 2006
Date of revision:
Other versions of this item:
- Lambert Schoonbeek, 2007. "Delegation with multiple instruments in a rent-seeking contest," Public Choice, Springer, vol. 131(3), pages 453-464, June.
- NEP-ALL-2007-09-02 (All new papers)
- NEP-CDM-2007-09-02 (Collective Decision-Making)
- NEP-MIC-2007-09-02 (Microeconomics)
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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"A delegated agent in a winner-takes-all contest,"
Applied Economics Letters,
Taylor and Francis Journals, vol. 9(1), pages 21-23.
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- Schoonbeek, Lambert, 2002.
"Delegation in a group-contest,"
02F03, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
- Liston-Heyes, Catherine, 2001. "Setting the Stakes in Environmental Contests," Journal of Environmental Economics and Management, Elsevier, vol. 41(1), pages 1-12, January.
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- 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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