Unifying Contests: from Noisy Ranking to Ratio-Form Contest Success Functions

Qiang Fu and Jingfeng Lu

MPRA Paper from University Library of Munich, Germany

Abstract: This paper proposes a multi-winner noisy-ranking contest model. Contestants are ranked in a descending order by their perceived outputs, and rewarded by their ranks. A contestant's perceivable output increases with his/her autonomous effort, but is subject to random perturbation. We establish, under plausible conditions, the equivalence between our model and the family of (winner-take-all and multi-winner) lottery contests built upon ratio-form contest success functions. Our model thus provides a micro foundation for this family of often studied contests. In addition, our approach reveals a common thread that connects a broad class of seeming disparate competitive activities and unifies them in the nutshell of ratio-form success functions.

Keywords: Multi-Winner Contest; Contest Success Function; Noisy Ranking (search for similar items in EconPapers)
JEL-codes: C7 (search for similar items in EconPapers)
Date: 2007
New Economics Papers: this item is included in nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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Related works:
Working Paper: Unifying Contests: from Noisy Ranking to Ratio-Form Contest Success Functions (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:6679

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