Samenvatting
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-monotonic way on the size of the contested prize.
Originele taal-2 | English |
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Pagina's (van-tot) | 453-464 |
Aantal pagina's | 12 |
Tijdschrift | Public Choice |
Volume | 131 |
Nummer van het tijdschrift | 3-4 |
DOI's | |
Status | Published - jun.-2007 |