Contest success function with the possibility of a draw: Axiomatization
AbstractIn imperfectly discriminating contests the contestants contribute effort to win a prize but the highest contributed effort does not necessarily secure a win. The contest success function (CSF) is the technology that translates an individual's effort into his or her probability of winning. This paper provides an axiomatization of CSF when there is the possibility of a draw (the sum of winning probabilities across all contestants does not add up to one).
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Mathematical Economics.
Volume (Year): 46 (2010)
Issue (Month): 2 (March)
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Contest success function Draw Logit Axiomatization Irrelevant alternatives Homogeneity Anonymity Imperfectly discriminating;
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