Download This PaperParametric Contest Success Functions
18 Pages Posted: 4 Oct 2007
Date Written: April 2007
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
JEL Classification: C70, D72, D74
Suggested Citation: Suggested Citation
Rai, Birendra K. and Sarin, Rajiv, Parametric Contest Success Functions (April 2007). Jena Economic Research Paper No. 2007-010, Available at SSRN: https://ssrn.com/abstract=1019215 or http://dx.doi.org/10.2139/ssrn.1019215
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