This is a very general problem. If the government decides to give away $X to someone, people are willing to spend up to $X to get it. If people intensively compete for the money then you would expect people to collectively spend $X trying to get the $X.
This is a very general problem. If the government decides to give away $X to someone, people are willing to spend up to $X to get it. If people intensively compete for the money then you would expect people to collectively spend $X trying to get the $X.