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Axiomatization of Reverse Nested Lottery Contests

Author

Listed:
  • Jingfeng Lu

    () (Department of Economics, National University of Singapore)

  • Zhewei Wang

    () (School of Economics, Shandong University)

Abstract

In this paper, we identify a set of axioms that is necessary and sufficient for axiomatizing the reverse nested lottery contest proposed by Fu, Lu and Wang (2014), which is the "mirror image" of the conventional nested lottery contest of Clark and Riis (1996). This paper thus provides an axiomatic underpinning for the reverse model, which which further reveals the connections and differences between the two (conventional and reverse) multi-prize contest models.

Suggested Citation

  • Jingfeng Lu & Zhewei Wang, 2015. "Axiomatization of Reverse Nested Lottery Contests," SDU Working Papers 2015-01, School of Economics, Shandong University.
  • Handle: RePEc:shn:wpaper:2015-03
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    File URL: http://econ.sdu.edu.cn/RePEc/shn/wpaper/AxiomatizationofReverseNestedLotteryContests.pdf
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    References listed on IDEAS

    as
    1. Birendra Rai & Rajiv Sarin, 2009. "Generalized contest success functions," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 40(1), pages 139-149, July.
    2. Alberto Vesperoni, 2016. "A contest success function for rankings," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 47(4), pages 905-937, December.
    3. Cubel, María & Sanchez-Pages, Santiago, 2016. "An axiomatization of difference-form contest success functions," Journal of Economic Behavior & Organization, Elsevier, vol. 131(PA), pages 92-105.
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    7. Chowdhury, Subhasish M. & Kim, Sang-Hyun, 2014. "A note on multi-winner contest mechanisms," Economics Letters, Elsevier, vol. 125(3), pages 357-359.
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    14. Clark, D.J. & Riis, C., 1996. "On the Win Probability in Rent-Seeking Gemes," Memorandum 05/1996, Oslo University, Department of Economics.
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    17. Fu, Qiang & Lu, Jingfeng & Wang, Zhewei, 2014. "“Reverse” nested lottery contests," Journal of Mathematical Economics, Elsevier, vol. 50(C), pages 128-140.
    18. Lu, Jingfeng & Wang, Zhewei, 2015. "Axiomatizing multi-prize nested lottery contests: A complete and strict ranking perspective," Journal of Economic Behavior & Organization, Elsevier, vol. 116(C), pages 127-141.
    19. Clark, Derek J & Riis, Christian, 1996. "A Multi-winner Nested Rent-Seeking Contest," Public Choice, Springer, vol. 87(1-2), pages 177-184, April.
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    Citations

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    Cited by:

    1. Bozbay, Irem & Vesperoni, Alberto, 2018. "A contest success function for networks," Journal of Economic Behavior & Organization, Elsevier, vol. 150(C), pages 404-422.
    2. Lu, Jingfeng & Shen, Bo & Wang, Zhewei, 2017. "Optimal contest design under reverse-lottery technology," Journal of Mathematical Economics, Elsevier, vol. 72(C), pages 25-35.
    3. Alberto Vesperoni & Anıl Yıldızparlak, 2019. "Inequality and conflict outbreak," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 53(1), pages 135-173, June.

    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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