Two-Stage Rent-Seeking Contests with Carryovers
We examine a two-stage contest in which players in two groups compete noncooperatively to win a rent. In the first stage, each group selects a finalist. The two finalists compete for the rent in the second stage. First-stage efforts are carried over to the second stage in the sense that they are partly effective in the second stage as well. We show the following. In the case of player-specific carryovers, the rent-dissipation rate increases in the carryover rate. With the carryover rate equal to one, the rent is fully dissipated. In the case of group-specific carryovers, however, the rent-dissipation rate is independent of the carryover rate. Copyright 2000 by Kluwer Academic Publishers
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
When requesting a correction, please mention this item's handle: RePEc:kap:pubcho:v:103:y:2000:i:3-4:p:285-96. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.