Contests with interdependent preferences

Sherrill Shaffer

Applied Economics Letters, 2006, vol. 13, issue 13, 877-880

Abstract: Relaxing the common assumption of purely self-interested preferences in contests, it is shown that altruism (bilateral or unilateral) reduces equilibrium rent-seeking effort. The effects on net payoffs are more complex. Strategic interdependence is possible, but the symmetric equilibrium is pure self-interest.

Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:13:y:2006:i:13:p:877-880

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DOI: 10.1080/13504850500425477

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