Stackelberg rent-seeking |
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Authors: | Bruce G. Linster |
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Affiliation: | 1. United States Air Force Academy, 80840-5701, Colorado Springs, CO
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Abstract: | In this paper I present a formal analysis of rent-seeking games in which the players do not move simultaneously. I consider rent-seeking situations where the players are risk neutral and may value the prize differently. The subgame perfect equilibrium outcome in this Stackelberg game provides several surprising and interesting results. I extend the problem to deal with cases of incomplete information concerning the value a player has for the politically contestable rent. |
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