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) 
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Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:9:y:2002:i:1:p:21-23
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DOI: 10.1080/13504850110049333
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