“…In recent years interest has turned to two-stage contests (Amegashie, 1999(Amegashie, , 2000(Amegashie, , 2003Baik & Kim, 1997;Baik & Lee, 2000;Baik & Shogren, 1995;Clark & Riis, 1996;Gradstein, 1998;Gradstein & Konrad, 1999;Higgins, Shughart & Tollison, 1985;Katz & Tokatlidu, 1996). As pointed out by Amegashie (1999) and Baik and Lee (2000), many rent-seeking contests consist of multiple stages.…”