Foundations for contest success functions
AbstractIn the literature the outcome of contests is either interpreted as win probabilities or as shares of the prize. With this in mind, we examine two approaches to contest success functions. In the rst we analyze the implications of contestants' incomplete information concerning the 'type'of the contest administrator. While in the case of two contestants this approach can rationalize prominent contest success functions, we show that it runs into di¢ culties when there are more agents. Our second approach interprets contest success functions as sharing rules and establishes a connection to bargaining and claims problems which is independent of the number of contestants. Both approaches provide foundations for popular contest success functions and guidelines for the de nition of new ones.
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Endogenous Contests; Contest Success Function;
Other versions of this item:
- Corchón, Luis C. & Dahm, Matthias, . "Foundations for contest success functions," Open Access publications from Universidad Carlos III de Madrid info:hdl:10016/931, Universidad Carlos III de Madrid.
- Corchón, Luis C. & Dahm, Matthias, 2008. "Foundations for contest success functions," Working Papers 2072/9493, Universitat Rovira i Virgili, Department of Economics.
- Luis Corchon & Matthias Dahm, 2007. "Foundations For Contest Success Functions," Economics Working Papers we070401, Universidad Carlos III, Departamento de Economía.
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- 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
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