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Type	Working Paper
Scope	Discipline-based scholarship
Title	Contest success functions: the common-pool perspective
Organization Unit	Department of Economics (Florian Scheuer)
Authors	Christian Ewerhart
Language	English
Institution	University of Zurich
Series Name	Working paper series / Department of Economics
Number	195
ISSN	1664-7041
Number of Pages	39
Date	2015
Abstract Text	The axiomatic route to the foundation of contest success functions (CSF) has proved to be both useful and prolific. The standard approach in the literature is based on the decision-theoretic notion that choice probabilities should be independent of irrelevant alternatives (Skaperdas, Economic Theory 1996). The present paper develops an alternative approach that suggests itself once the contest is re-interpreted as a common-pool resource problem. Proceeding along these lines, new axiomatizations are obtained for a variety of popular classes of CSFs, including the logit, Tullock, and difference-form CSFs. The axiomatizations provided are particularly parsimonious in the important special case of two contestants.
Free access at	Official URL
Related URLs	http://www.econ.uzh.ch/static/workingpapers.php https://www.econ.uzh.ch/en/research/workingpapers.html
Other Identification Number	merlin-id:12158
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Keywords	Contest success functions, axiomatic approach, common-pool resource problems, Leistungswettbewerb, Erfolg, Konkurrenzmodell