Menezes, Flavio; Quiggin, John - Risk and Sustainable Management Group (RSMG), School of … - 2009
We specify an oligopoly game, where firms choose quantity in order to maximise profits, that is strategically equivalent to a standard Tullock rent- seeking game. We then show that the Tullock game may be interpreted as an oligopsonistic market for in?uence. Alternative specifications of the...