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Title:Generalized contest success functions PDF Logo
Authors:Rai, Birendra K.
Sarin, Rajiv
Issue Date:2007
Series/Report no.:Jena economic research papers 2007,082
Abstract:The key element of models of contest is the Contest Success Function (CSF) which specifies the winning probabilities of agents. The existing axiomatizations of CSFs assume that contestants can make only one type of investment. This paper generalizes these axiomatizations to the case where each agent can have multiple types of investments. This allows us to provide a unified framework to extend and interpret the results of Skaperdas (1996) and Clark and Riis (1998), and rationalize some seemingly ad hoc CSFs used by applied researchers.
Subjects:Contest
Rent Seeking
JEL:C70
D72
D74
Document Type:Working Paper
Appears in Collections:Jena Economic Research Papers, MPI für Ökonomik

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