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Foundations for contest success functions

  • Luis Corchón


  • Matthias Dahm


We examine two approaches to contest success functions. In the first 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 difficulties 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 definition of new ones.

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Article provided by Springer & Society for the Advancement of Economic Theory (SAET) in its journal Economic Theory.

Volume (Year): 43 (2010)
Issue (Month): 1 (April)
Pages: 81-98

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Handle: RePEc:spr:joecth:v:43:y:2010:i:1:p:81-98
DOI: 10.1007/s00199-008-0425-x
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