Epstein, Gil S.; Mealem, Yosef; Nitzan, Shmuel - Department of Economics, Bar Ilan University - 2010
contestants. Focusing on the two most widely studied types of contest success functions (deterministic all-pay-auctions and logit … CSFs), we show that an all-pay auction is always the preferred CSF from the point of view of the contest designer. This … result provides a new political-economic micro foundation to some of the most commonly used models in the contest literature. …