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Simiao Li |
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''Tullock contests under committee administration'' |
( 2013, Vol. 33 No.3 ) |
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Much of the Tullock contest (Tullock 1980) literature analyzes rent-seeking efforts under the assumption of a single prize administrator. Here, I allow a committee to decide the winner of the rent-seeking contest according to simple majority voting rule, and study the impact of committee size on rent-seeking expenditures. I find that increasing the size of the committee produces an ambiguous impact on total rent-seeking efforts, with the heterogeneity of the contestants acting as the factor determining a resultant increase or decrease in efforts. |
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Keywords: Committee Administration; Rent-seeking; Heterogeneity |
JEL: D7 - Analysis of Collective Decision-Making: General |
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Manuscript Received : May 29 2013 | | Manuscript Accepted : Aug 02 2013 |
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