Abstract
Abstract : We consider delegation in a rent-seeking contest with two players,
where delegates have more instruments at their disposal than the main
players. We endogenize both the decision to hire a delegate and the contingent
fee offered to the delegates. We characterize the situations when either
no, one or two players hire a delegate in equilibrium. We show that the
decision to hire a delegate depends in a non-monotone way on the size of
the contested prize.
Original language | English |
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Place of Publication | Groningen |
Publisher | University of Groningen, SOM research school |
Number of pages | 18 |
Volume | SOM Research Reports |
Edition | 06E11 |
Publication status | Published - 2006 |
Keywords
- multiple instruments.
- delegation
- contest