- A-Z
- Jena Economic Resea...
- Volume 1
- Generalized Contest...
Generalized Contest Success Functions
- Autor(in)
- Erschienen
- 12. November 2007
- Nummer des Discussion-Papers
-
2007-082
- Schlagwort(e)
-
Contest
Rent seeking
- Zusammenfsg.
-
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.
- article pub. typess JER
- Research article
- article languages JER
- Englisch
- article research fields JER
- economics
- JEL-Classification for JER
- C70 - General ; D72 - Models of Political Processes: Rent-Seeking, Elections, Legislatures, and Voting Behavior ; D74 - Conflict; Conflict Resolution; Alliances