Haan, M.; Schoonbeek, L. - Faculteit Economie en Bedrijfskunde, Rijksuniversiteit … - 2000
We present a model which combines elements of an auction and a rent-seeking contest. Players compete for a prize. Apart from exerting lobbying efforts, they also have to submit a bid which is payable only if they win the prize. First, we ana-lyze the model if the returns-to-scale parameters of...