dc.contributor.author
Cubel, Maria
dc.contributor.author
Sánchez-Pagés, Santiago
dc.date.issued
2017-03-16T09:47:29Z
dc.date.issued
2019-11-30T06:10:16Z
dc.date.issued
2017-03-16T09:47:31Z
dc.identifier
https://hdl.handle.net/2445/108488
dc.description.abstract
This paper presents an axiomatic characterization of difference-form contests, that is, contests where agents' probability of victory depends on the difference of their effective efforts. This axiomatization rests on a pairwise comparison axiom that relates the winning probabilities of any pair of participants to their winning probabilities in a contest between the two of them. The resulting difference-form contest success function overcomes some of the drawbacks of the widely-used ratio-form. Contrary to other difference-form functions, the family we charaterize here can be scale invariant and have a positive elasticity of augmentation. By clarifying the properties of this family of contest success functions, this axiomatization can help researchers to find the functional form better suited to their application of interest.
dc.format
application/pdf
dc.format
application/pdf
dc.publisher
Elsevier B.V.
dc.relation
Versió postprint del document publicat a: https://doi.org/10.1016/j.jebo.2016.08.011
dc.relation
Journal of Economic Behavior & Organization, 2016, vol. 131, num. Part A, p. 92-105
dc.relation
https://doi.org/10.1016/j.jebo.2016.08.011
dc.rights
cc-by-nc-nd (c) Elsevier B.V., 2016
dc.rights
http://creativecommons.org/licenses/by-nc-nd/3.0/es
dc.rights
info:eu-repo/semantics/openAccess
dc.source
Articles publicats en revistes (Economia)
dc.subject
Axioma d'elecció
dc.subject
Axiom of choice
dc.title
An axiomatization of difference-form contest success functions
dc.type
info:eu-repo/semantics/article
dc.type
info:eu-repo/semantics/acceptedVersion
