期刊名称：Economics Discussion Papers / Department of Economics, College of Management and Economics, University of Guelph
出版年度：2005
卷号：2005
出版社：University of Guelph
摘要：I show that in an infinitely repeated contest, collusion is easier to sustain when the
players are more equal than when they are less equal. Therefore, aggregate rent-seeking
expenditures may be lower when the contestants are more equally matched. This is in
sharp contrast to the standard result in static rent-seeking contests where increasing
asymmetries between players reduce aggregate expenditures. I also discuss how this
result has implications for signaling in contests with incomplete information.
关键词：aggregate expenditures, asymmetry, collusion, folk theorem.
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