Abstract
This note provides a distribution-based justification for the ratio form of contest success functions (CSFs), in which a player's success depends positively on her effort relative to that of her opponents. I show that the inverse exponential distribution of the random shocks yields the ratio form. Extending this approach to asymmetric contests, I also derive an asymmetric ratio form of CSFs.
| Original language | English |
|---|---|
| Pages (from-to) | 125-130 |
| Number of pages | 6 |
| Journal | Public Choice |
| Volume | 135 |
| Issue number | 3-4 |
| DOIs | |
| Publication status | Published - Jun 2008 |
| Externally published | Yes |
Keywords
- Contest success functions
- Inverse exponential distribution
ASJC Scopus subject areas
- Sociology and Political Science
- Economics and Econometrics