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.
机构:
Univ St Gallen, Inst Business Eth, Girtannerstr 6, CH-9010 St Gallen, SwitzerlandUniv St Gallen, Inst Business Eth, Girtannerstr 6, CH-9010 St Gallen, Switzerland
Hoffmann, Magnus
Kolmar, Martin
论文数: 0引用数: 0
h-index: 0
机构:
Univ St Gallen, Inst Business Eth, Girtannerstr 6, CH-9010 St Gallen, SwitzerlandUniv St Gallen, Inst Business Eth, Girtannerstr 6, CH-9010 St Gallen, Switzerland