Contest success functions View Full Text


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Article Info

DATE

1996-06

AUTHORS

Stergios Skaperdas

ABSTRACT

Tournaments, conflict, and rent-seeking have been modelled as contests in which participants exert effort to increase their probability of winning a prize. A Contest Success Function (CSF) provides each player's probability of winning as a function of all players' efforts. In this paper the additive CSF employed in most contests is axiomatized, with an independence from irrelevant alternatives property as the key axiom. Two frequently used functional forms are also axiomatized: one in which winning probabilities depend on the ratio of players' efforts and the other in which winning probabilities depend on the difference in efforts. More... »

PAGES

283-290

References to SciGraph publications

Identifiers

URI

http://scigraph.springernature.com/pub.10.1007/bf01213906

DOI

http://dx.doi.org/10.1007/bf01213906

DIMENSIONS

https://app.dimensions.ai/details/publication/pub.1045074156


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