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A delegated agent in a winner-takes-all contest

Lambert Schoonbeek

Applied Economics Letters, 2002, vol. 9, issue 1, 21-23

Abstract: A standard winner-takes-all rent-seeking contest with a principal-agent relationship is extended. One of the two players offers a contract to an agent to act as a delegate on his behalf. The wage offered to the agent is deliberately chosen. The equilibrium of the extended contest is characterized.

Date: 2002
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Working Paper: A delegated agent in a winner-take-all contest (1999) Downloads
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DOI: 10.1080/13504850110049333

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