Parametric Contest Success Functions
Birendra Rai () and
Rajiv Sarin ()
Additional contact information
Rajiv Sarin: Texas AM University, Department of Economics
No 2007-010, Jena Economic Research Papers from Friedrich-Schiller-University Jena
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 CSFâ€™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)
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:jrp:jrpwrp:2007-010
Access Statistics for this paper
More papers in Jena Economic Research Papers from Friedrich-Schiller-University Jena
Bibliographic data for series maintained by Markus Pasche ().