On a Class of Contest Success Functions

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.

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Year of publication:	2010
Authors:	Hao, Jia
Published in:	The B.E. Journal of Theoretical Economics. - De Gruyter, ISSN 1935-1704. - Vol. 10.2010, 1, p. 1-14
Publisher:	De Gruyter

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008587175