De Waegenaere, Anja; Matejka, M.; Onderstal, A.M. - Tilburg University, Center for Economic Research - 2002
In this paper, we analyze a lobby game, modelled as an all-pay auction in which interest groups submit bids in order to obtain a political prize.The bids are restricted to be below a cap imposed by the government.For both an incomplete and a complete information setting we show the following...