Axiomatization of Reverse Nested Lottery Contests
Jingfeng Lu () and
Zhewei Wang ()
No 2015-01, SDU Working Papers from School of Economics, Shandong University
In this paper, we identify a set of axioms that is necessary and sufficient for axiomatizing the reverse nested lottery contest proposed by Fu, Lu and Wang (2014), which is the "mirror image" of the conventional nested lottery contest of Clark and Riis (1996). This paper thus provides an axiomatic underpinning for the reverse model, which which further reveals the connections and differences between the two (conventional and reverse) multi-prize contest models.
JEL-codes: C72 D72 D74 (search for similar items in EconPapers)
Pages: 25 pages
New Economics Papers: this item is included in nep-gth and nep-sea
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http://econ.sdu.edu.cn/RePEc/shn/wpaper/Axiomatiza ... dLotteryContests.pdf First version, 2014 (application/pdf)
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Journal Article: Axiomatization of reverse nested lottery contests (2016)
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