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Parametric Contest Success Functions

Birendra Rai () and Rajiv Sarin ()
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Rajiv Sarin: Texas AM University, Department of Economics

No 2007-010, Jena Economic Research Papers from Friedrich-Schiller-University Jena

Abstract: The key element of models of contest is the Contest Success Function (CSF) which specifies the winning probabilities of agents. We provide an axiomatization of two parametric families of CSF’s. In the first, the winning probability of each agent depends on the investments and a vector of parameters, where each parameter is specific to one of the contestants. In the second, the winning probabilities depend on investments and a scalar parameter common to all contestants.

Keywords: Contest success function; Axiomatization; Rent seeking (search for similar items in EconPapers)
JEL-codes: C70 D72 D74 (search for similar items in EconPapers)
Date: 2007-04-27
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