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 language | English |
|---|---|
| Pages (from-to) | 21-23 |
| Number of pages | 3 |
| Journal | Applied Economics Letters |
| Volume | 9 |
| Issue number | 1 |
| Publication status | Published - Jan-2002 |