Influencing Rent-Seeking Contests.

This paper shows that a policy that uniformly increases contestants' effort costs can lead to an increase in total effort. In asymmetric settings, this "levels the playing field" and therefore encourages weaker players (who otherwise would have stayed out) to enter. Paradoxically, a c...

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Bibliographic Details
Main Author: Ritz, R
Format: Journal article
Language:English
Published: 2008