Markets for Influence Markets for in ‡uence
نویسندگان
چکیده
We specify an oligopoly game, where rms choose quantity in order to maximise pro ts, that is strategically equivalent to a standard Tullock rentseeking game. We then show that the Tullock game may be interpreted as an oligopsonistic market for inuence. Alternative speci cations of the strategic variable give rise to a range of Nash equilibria with varying levels of rent dissipation.
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تاریخ انتشار 2009