A delegated agent in a winner-take-all contest

L. Schoonbeek*

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review

Abstract

A standard winner-takes-all rent-seeking contest with a principal-agent relationship is extended. One of the two players offers a contract to an agent to act as a delegate on his behalf. The wage offered to the agent is deliberately chosen. The equilibrium of the extended contest is characterized.
Original languageEnglish
Pages (from-to)21-23
Number of pages3
JournalApplied Economics Letters
Volume9
DOIs
Publication statusPublished - 2002

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