Van Long, Ngo - In: European Journal of Political Economy 32 (2013) C, pp. 161-181
This paper is a brief review of the literature on contests, with focus on rent-seeking. A fairly general contest model … is presented. We show that the Tullock contest model and the first-prize sealed-bid auction model are obtained as special … aversion, insecure rents, sabotage in rent-seeking contests, contest design, commitment and endogenous order of moves, and …