Influence and the discretionary allocation of several prizes |
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Authors: | Derek J Clark Christian Riis |
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Institution: | aDepartment of Economics, NFH, University of Tromsø, N-9037 Tromsø, Norway;bDepartment of Economics, Norwegian School of Management, P.O. Box 580, N-1301 Sandvika, Norway |
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Abstract: | When a decision process involves discretion, it may also be open to influence by various actors. If a single prize is at issue, then this influence can be modelled in the context of a rent-seeking game. However, the basic rent-seeking model needs to be extended in order to examine the amount of influence exerted when more than one prize is at stake. In this paper, we investigate the effect of several factors which may affect rent-seeking in this multi-prize framework but are not accounted for in single-prize models; examples here are the number of prizes, the division of the prize mass and the distribution mechanism which is employed. |
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Keywords: | Influence Rent-seeking Several prizes |
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