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Stackelberg Rent-Seeking

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  • Linster, Bruce G

Abstract

In this paper, the author presents a formal analysis of rent-seeking games in which the players do not move simultaneously. He considers rent-seeking situations where the players are risk neutral and may value the prize differently. The subgame perfect equilibrium outcome in this Stackelberg game provides several surprising and interesting results. The author extends the problem to deal with cases of incomplete information concerning the value a player has for the politically contestable rent. Copyright 1993 by Kluwer Academic Publishers

Suggested Citation

  • Linster, Bruce G, 1993. "Stackelberg Rent-Seeking," Public Choice, Springer, vol. 77(2), pages 307-321, October.
  • Handle: RePEc:kap:pubcho:v:77:y:1993:i:2:p:307-21
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    Cited by:

    1. Grossmann, Martin, 2014. "Uncertain contest success function," European Journal of Political Economy, Elsevier, vol. 33(C), pages 134-148.
    2. Sandra Ludwig, 2012. "Contests—a comparison of timing and information structures," Public Choice, Springer, vol. 153(3), pages 341-355, December.
    3. Romano, Richard & Yildirim, Huseyin, 2005. "On the endogeneity of Cournot-Nash and Stackelberg equilibria: games of accumulation," Journal of Economic Theory, Elsevier, vol. 120(1), pages 73-107, January.
    4. Philipp Denter & Dana Sisak, 2010. ""Who's the thief?": Asymmetric Information and the Creation of Property Rights," University of St. Gallen Department of Economics working paper series 2010 2010-27, Department of Economics, University of St. Gallen.
    5. Dijkstra, Bouwe R., 1998. "A two-stage rent-seeking contest for instrument choice and revenue division, applied to environmental policy," European Journal of Political Economy, Elsevier, vol. 14(2), pages 281-301, May.
    6. Warneryd, Karl, 2003. "Information in conflicts," Journal of Economic Theory, Elsevier, vol. 110(1), pages 121-136, May.
    7. D. Fiaschi & R. Orsini, 1998. "Long Run Growth and Income Distribution in an Olg Model With Strategic Job-Seeking and Credit Rationing," Working Papers 331, Dipartimento Scienze Economiche, Universita' di Bologna.
    8. Ella Segev & Aner Sela, 2011. "Sequential All-Pay Auctions with Head Starts and Noisy Outputs," Working Papers 1106, Ben-Gurion University of the Negev, Department of Economics.
    9. Hurley, Terrance M. & Shogren, Jason F., 1998. "Effort levels in a Cournot Nash contest with asymmetric information," Journal of Public Economics, Elsevier, vol. 69(2), pages 195-210, June.
    10. ISKAKOV, Mikhail & ISKAKOV, Alexey & ZAKHAROV, Alexey, 2014. "Equilibria in secure strategies in the Tullock contest," CORE Discussion Papers 2014010, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    11. Hurley, Terrance M. & Shogren, Jason F., 1998. "Asymmetric information contests," European Journal of Political Economy, Elsevier, vol. 14(4), pages 645-665, November.
    12. Sebagh Thierry, 1995. "Recherche De Rente : Jeu de Guerre et Guerre D'enjeux - II," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 6(2-3), pages 1-20, June.
    13. Juan D. Montoro-Pons, 2013. "Regulator preferences and lobbying efforts in rent-seeking contests," Chapters,in: Constitutional Economics and Public Institutions, chapter 14, pages 257-278 Edward Elgar Publishing.
    14. Damianov, Damian S. & Peeters, Ronald, 2017. "On the disclosure of ticket sales in charitable lotteries," Economics Letters, Elsevier, vol. 150(C), pages 73-76.
    15. Segev, Ella & Sela, Aner, 2011. "Sequential All-Pay Auctions with Head Starts," CEPR Discussion Papers 8183, C.E.P.R. Discussion Papers.
    16. Nava Kahana & Doron Klunover, 2017. "Sequential Lottery Contests with Multiple Participants," Working Papers tax-mpg-rps-2017-02, Max Planck Institute for Tax Law and Public Finance.
    17. Anthony Heyes & Catherine Liston-Heyes, 2005. "Economies of scope and scale in green advocacy," Public Choice, Springer, vol. 124(3), pages 423-436, September.
    18. Christian Ewerhart & Julia Grünseis, 2018. "Voluntary disclosure in unfair contests," ECON - Working Papers 279, Department of Economics - University of Zurich.
    19. Dijkstra, Bouwe R., 1998. "Cooperation by way of support in a rent seeking contest for a public good," European Journal of Political Economy, Elsevier, vol. 14(4), pages 703-725, November.
    20. Ella Segev & Aner Sela, 2014. "Sequential all-pay auctions with head starts," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 43(4), pages 893-923, December.
    21. Hurley, Terrance M. & Shogren, Jason F., 1997. "Environmental Conflicts and the SLAPP," Journal of Environmental Economics and Management, Elsevier, vol. 33(3), pages 253-273, July.
    22. repec:kap:jeczfn:v:123:y:2018:i:3:d:10.1007_s00712-017-0575-z is not listed on IDEAS

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