Contests with interdependent preferences

被引:5
|
作者
Shaffer, Sherrill [1 ]
机构
[1] Univ Wyoming, Dept Econ & Finance, Laramie, WY 82071 USA
关键词
D O I
10.1080/13504850500425477
中图分类号
F [经济];
学科分类号
02 ;
摘要
Relaxing the common assumption of purely self-interested preferences in contests, it is shown that altruism (bilateral or unilateral) reduces equilibrium rent-seeking effort. The effects on net payoffs are more complex. Strategic interdependence is possible, but the symmetric equilibrium is pure self-interest.
引用
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页码:877 / 880
页数:4
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