Asymmetric Two-Stage Group Rent-Seeking: Comparison of Two Contest Structures
Two variations of a two-stage rent-seeking contest are considered. In the first stage of the Between-Group model, groups compete through the expenditure of resources by their members. Based on group expenditures, one winning group is probabilistically determined. On the second stage, members of the winning group compete with one another for an exogenous prize. In the Semi-Finals model a player is chosen from each group and then these players compete for the prize. Groups differ in size or in their valuation of the prize. Subgame-perfect equilibrium solutions are constructed for these two contest structures.
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.
Volume (Year): 118 (2004)
Issue (Month): 1_2 (01)
|Contact details of provider:|| Web page: http://www.springer.com|
|Order Information:||Web: http://www.springer.com/economics/public+finance/journal/11127/PS2|