Contests with the Probability of a Draw: A Stochastic Foundation

Hao Jia

Research output: Contribution to journalArticlepeer-review

16 Citations (Scopus)


This article proposes a stochastic foundation for the contest success function (CSF for short) with a richer structure on the set of possible outcomes of the contest. Specifically, the analysis allows for the possibility of a draw, so that no contestant can claim a victory over all other players. Under plausible conditions, this article not only discovers new functional forms of CSFs, but also shows the newly derived CSFs have very different properties in equilibrium to those of conventional CSFs. For example, in contrast to the CSFs discussed in the contest literature, which always generate a unique pure strategy Nash equilibrium, the newly discovered CSFs admit the possibility of multiple equilibria.

Original languageEnglish
Pages (from-to)391-406
Number of pages16
JournalEconomic Record
Issue number282
Publication statusPublished - Sept 2012
Externally publishedYes

ASJC Scopus subject areas

  • Economics and Econometrics


Dive into the research topics of 'Contests with the Probability of a Draw: A Stochastic Foundation'. Together they form a unique fingerprint.

Cite this