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Parametric Contest Success Functions

Author

Listed:
  • Birendra K. Rai

    (Max Planck Institute of Economics)

  • Rajiv Sarin

    (Texas AM University, Department of Economics)

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.

Suggested Citation

  • Birendra K. Rai & Rajiv Sarin, 2007. "Parametric Contest Success Functions," Jena Economics Research Papers 2007-010, Friedrich-Schiller-University Jena.
    • Handle: RePEc:jrp:jrpwrp:2007-010
    as

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    File URL: https://oweb.b67.uni-jena.de/Papers/jerp2007/wp_2007_010.pdf
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    References listed on IDEAS

    as
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    Cited by:

    1. Jeremy Petranka, 2009. "A Threshold Interpretation of the Ratio-Form Contest Success Function," Working Papers 2010-06, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy, revised Mar 2010.

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    More about this item

    Keywords

    Contest success function; Axiomatization; Rent seeking;
    All these keywords.

    JEL classification:

    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions

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