Reduced prizes and increased effort in contests |
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| Authors: | Gil S. Epstein Shmuel Nitzan |
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| Affiliation: | (1) Department of Economics, Bar-Ilan University, 52900 Ramat-Gan, Israel;(2) CEPR, London and IZA, Bonn, Germany |
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| Abstract: | We study the general class of two-player public-policy contests and specify the asymmetry condition under which a more restrained government intervention that reduces the contestants’ prizes has the “perverse” effect of increasing their aggregate lobbying efforts.
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