Orchestrating rent seeking contests

Mark Gradstein, Kai A. Konrad

Research output: Contribution to journalArticlepeer-review

158 Scopus citations

Abstract

Contests have different, sometimes quite complex, organisational structures. In particular, while most of the existing literature focusses on simultaneous contests, multistage contests are also quite frequently encountered. This paper seeks to provide a rationale for the latter by endogenising the choice of a contest structure, which is made by an organiser of a contest interested in maximising the efforts expended by the contenders.

Original languageEnglish
Pages (from-to)536-545
Number of pages10
JournalEconomic Journal
Volume109
Issue number458
DOIs
StatePublished - 1 Jan 1999

ASJC Scopus subject areas

  • Economics and Econometrics

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