On a Class of Contest Success Functions

Hao Jia

The B.E. Journal of Theoretical Economics, 2010, vol. 10, issue 1, 14

Abstract: In this article, I analyze a class of contest success functions (CSFs) that satisfy Luce's Choice Axiom. I show that the functional forms of these CSFs can be fully identified if they are characterized by a partial differential equation (PDE), which has several intuitive economic interpretations. This PDE approach provides foundations for popular CSFs and their generalizations.

Keywords: contest success functions; Luce’s Choice Axiom; partial differential equation (search for similar items in EconPapers)
Date: 2010
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DOI: 10.2202/1935-1704.1672

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