The paper deals with rent-seeking behaviour among agents competing for future shares of a common renewable natural resource. Rent-seeking might become profitable when the agents expect that the distribution of the natural resource in future periods will be dependent on the agents' extraction of...

We introduce learning by doing in a dynamic contest. Contestants compete in an early round and can use the experience gained to reduce effort cost in a subsequent contest. A contest designer can decide how much of the prize mass to distribute in the early contest and how much to leave for the...

Competition between heterogeneous participants often leads to low effort provision in contests. We consider a principal who can divide her fixed budget between skill-enhancing training and the contest prize. Training can reduce heterogeneity, which increases effort. However, allocating some of...