Delegation with multiple instruments in a rent-seeking contest
نویسندگان
چکیده
منابع مشابه
Rent-setting in multiple winner rent-seeking contests
In this paper, we analyze a multiple winner rent-seeking contest where the number of winners is set by a self-interested regulator. The winners receive a license to compete in a market. The structure of competition in the market influences the number of winners through the preferences of the regulator. The model indicates that Cournot competitors can be better off than firms that are able to co...
متن کاملRent-Seeking and Innovation
Innovations and their adoption are the keys to growth and development. Innovations are less socially useful, but more profitable for the innovator, when they are adopted slowly and the innovator remains a monopolist. For this reason, rent-seeking, both public and private, plays an important role in determining the social usefulness of innovations. This paper examines the political economy of in...
متن کاملInuencing rent-seeking contests
This paper shows that a policy that uniformly increases contestants e¤ort costs can lead to an increase in total e¤ort. In asymmetric settings, this levels the playing eldand therefore encourages weaker players (who otherwise would have stayed out) to enter. Paradoxically, a contest designer whose only objective is to maximize total e¤ort may thus wish to make rent-seeking more di¢ cult. ...
متن کاملSequential rent seeking ∗
We consider n firms which choose rent-seeking expenditures sequentially, each player anticipating the rent-seeking expenditures that will be made by later movers. We find that the earlier movers need not make larger profits than later movers, and that aggregate profits are lower than in a game in which firms make simultaneous moves.
متن کاملInfluencing rent-seeking contests
This paper shows that a policy that uniformly increases contestants’ effort costs can lead to an increase in total effort. In asymmetric settings, this “levels the playing field” and therefore encourages weaker players (who otherwise would have stayed out) to enter. Paradoxically, a contest designer whose only objective is to maximize total effort may thus wish to make rent-seeking “more diffic...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Public Choice
سال: 2006
ISSN: 0048-5829,1573-7101
DOI: 10.1007/s11127-006-9125-x