Contest success functions: an extension
AbstractThis note extends the axiomatic characterization of the "power" success function in fair contests by Skaperdas (1996) to an unfair contest. We show that the results previously obtained are straightforward to generalize; the success function is uniquely characterized by Luce's Choice Axiom (implying independence of irrelevant alternatives) and homogeneity of degree zero.
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Bibliographic InfoArticle provided by Springer in its journal Economic Theory.
Volume (Year): 11 (1997)
Issue (Month): 1 ()
Note: Received: July 1, 1996; revised version: October 30, 1996
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