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)
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CCSO Working Papers
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