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The authors examine the possibility of forming a competitive-share group in rent-seeking contests. The competitive-share group has the following characteristics: the group is treated as a single player competing with the nonmembers to win the rent, the members choose their outlays...
Persistent link: https://www.econbiz.de/10005705940
We examine a two-stage contest in which players in two groups compete noncooperatively to win a rent. In the first stage, each group selects a finalist. The two finalists compete for the rent in the second stage. First-stage efforts are carried over to the second stage in the sense that they are...
Persistent link: https://www.econbiz.de/10005674769