On a class of contest success functions

Hao Jia

Research output: Contribution to journalArticlepeer-review

6 Citations (Scopus)

Abstract

In this article, I analyze a class of contest success functions (CSFs) that satisfy Luce's Choice Axiom. I show that the functional forms of these CSFs can be fully identified if they are characterized by a partial differential equation (PDE), which has several intuitive economic interpretations. This PDE approach provides foundations for popular CSFs and their generalizations.

Original languageEnglish
Article number32
JournalB.E. Journal of Theoretical Economics
Volume10
Issue number1
DOIs
Publication statusPublished - 2010
Externally publishedYes

Keywords

  • contest success functions
  • Luce's Choice Axiom
  • partial differential equation

ASJC Scopus subject areas

  • General Economics,Econometrics and Finance

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