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Axiomatization of reverse nested lottery contests

Author

Listed:
  • Jingfeng Lu

    () (National University of Singapore)

  • Zhewei Wang

    () (Shandong University)

Abstract

Abstract The reverse nested lottery contest proposed by Fu et al. (2014) is the “mirror image” of the classical nested lottery contest of Clark and Riis (1996a), which has been axiomatized by Lu and Wang (2015). In this paper, we close the gap and provide an axiomatic underpinning for the reverse nested lottery contest by identifying a set of six necessary and sufficient axioms. These axioms proposed specify the properties of contestants’ probabilities of being ranked the lowest among all players or within subgroups, while the axiomatization of the classical nested lottery contest by Lu and Wang (2015) relies on axioms on contestants’ probabilities of being ranked the highest among all players or within subgroups.

Suggested Citation

  • Jingfeng Lu & Zhewei Wang, 2016. "Axiomatization of reverse nested lottery contests," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 47(4), pages 939-957, December.
  • Handle: RePEc:spr:sochwe:v:47:y:2016:i:4:d:10.1007_s00355-016-0998-4
    DOI: 10.1007/s00355-016-0998-4
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    References listed on IDEAS

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    1. repec:eee:jeborg:v:150:y:2018:i:c:p:404-422 is not listed on IDEAS
    2. repec:eee:mateco:v:72:y:2017:i:c:p:25-35 is not listed on IDEAS

    More about this item

    JEL classification:

    • 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; Revolutions

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