Samenvatting
It is known that the option of delegation in a rent-seeking contest between two
individuals leads to a prisoner’s dilemma. In equilibrium no player hires a delegate,
while it is Pareto-efficient if both would hire one. This paper shows that this result
does not generalize to a contest between the members of two groups. We further
provide the conditions under which zero, one, or both groups hire a delegate in
equilibrium.
| Originele taal-2 | English |
|---|---|
| Plaats van productie | Groningen |
| Uitgever | University of Groningen, SOM research school |
| Aantal pagina's | 14 |
| Volume | SOM Research Reports |
| Status | Published - 2002 |