Economics at your fingertips  

On Delegation in Contests and the Survival of Payoff Maximizing Behavior

Alex Possajennikov ()

The B.E. Journal of Theoretical Economics, 2010, vol. 10, issue 1, 1-13

Abstract: In two-player contests, optimal delegation involves giving the agent incentives to maximize the principal's payoff while in contests with more than two players incentives will be different from the principal's payoff maximization. These results are related to the evolutionary stability of payoff-maximizing preferences in the model of indirect evolution in general symmetric games, which depends on the slope of the reaction function being zero at equilibrium. Further examples of the relationship are also discussed.

Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link) ... .1629.xml?format=INT (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from

Access Statistics for this article

The B.E. Journal of Theoretical Economics is currently edited by Burkhard C. Schipper

More articles in The B.E. Journal of Theoretical Economics from De Gruyter
Bibliographic data for series maintained by Peter Golla ().

Page updated 2020-07-09
Handle: RePEc:bpj:bejtec:v:10:y:2010:i:1:n:25