Glazer, Amihai; Hassin, Refael - In: Public Choice 102 (2000) 3-4, pp. 219-28
We consider n firms which choose rent-seeking expenditures sequentially, each player anticipating the rent-seeking expenditures that will be made by later movers. We find that the earlier movers need not make larger profits than later movers, and that aggregate profits are lower than in a game...