Lottery versus All-Pay Auction Models of Lobbying
Hanming Fang
Public Choice, 2002, vol. 112, issue 3-4, 71 pages
Abstract:
I first provide a complete characterization of the unique equilibrium of the lottery game by n lobbyists with asymmetric valuations, and then compare the lottery and the all-pay auction models of lobbying. I show that the exclusion principle discovered by Baye, Kovenock and de Vries (1993) for all-pay auction does not apply to lottery. I also show that the perverse effect that an exogenous cap may increase the total lobbying expenditure in a two-bidder all-pay auction discovered by Che and Gale (1998) does not apply to lottery. Copyright 2002 by Kluwer Academic Publishers
Date: 2002
References: Add references at CitEc
Citations: View citations in EconPapers (108)
Downloads: (external link)
http://journals.kluweronline.com/issn/0048-5829/contents link to full text (text/html)
Access to full text is restricted to subscribers.
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: https://EconPapers.repec.org/RePEc:kap:pubcho:v:112:y:2002:i:3-4:p:351-71
Ordering information: This journal article can be ordered from
http://www.springer. ... ce/journal/11127/PS2
Access Statistics for this article
Public Choice is currently edited by WIlliam F. Shughart II
More articles in Public Choice from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().