A delegated agent in a winner-takes-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
    Issue number1
    Publication statusPublished - Jan-2002

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