Contest success functions: an extension

Christian Riis () and Derek J. Clark
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Derek J. Clark: Department of Economics, NFH, University of TromsÛ, N-9037 TromsÛ, NORWAY

Economic Theory, 1997, vol. 11, issue 1, 204 pages

Abstract: This note extends the axiomatic characterization of the "power" success function in fair contests by Skaperdas (1996) to an unfair contest. We show that the results previously obtained are straightforward to generalize; the success function is uniquely characterized by Luce's Choice Axiom (implying independence of irrelevant alternatives) and homogeneity of degree zero.

JEL-codes: C70 D72 D74 (search for similar items in EconPapers)
Date: 1997-11-17
Note: Received: July 1, 1996; revised version: October 30, 1996
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Citations: View citations in EconPapers (89)

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