2007 | OriginalPaper | Buchkapitel
The Social Cost of Rent Seeking when Consumer Opposition Influences Monopoly Behavior
Erschienen in: Endogenous Public Policy and Contests
Verlag: Springer Berlin Heidelberg
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In this chapter we present a simple version of the extended contest where the policy is determined endogenously, not by the government, but rather by one of the contestants. To clarify the relationship between this model and the existing literature and to illustrate its significance, we present the model applying a monopoly–consumer context.