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| Type | Working Paper |
| Scope | Discipline-based scholarship |
| Title | Contest success functions: the common-pool perspective |
| Organization Unit | |
| Authors |
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| Language |
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| 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 |
| Official URL | http://www.econ.uzh.ch/static/wp/econwp195.pdf |
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| Keywords | Contest success functions, axiomatic approach, common-pool resource problems, Leistungswettbewerb, Erfolg, Konkurrenzmodell |