Schmitt, Pamela; Shupp, Robert; Swope, Kurtis; Cadigan, John - In: Economics of Governance 5 (2004) 3, pp. 187-211
This paper develops and experimentally tests a model in which a player’s effort affects the probability of winning a contest in both the current and future periods. Theory predicts that rent-seeking effort will be shifted forward from later to earlier periods, with no change in overall...