Dahm, Matthias; Porteiro, Nicolas - Center for Mathematical Studies in Economics and … - 2005
success function. We provide a simple micro-foundation of this function for the two contestant case. In this setting the … form of
the win probability in the literature is the so-called “logit” contest success function.
We provide a simple micro … probabilistic because of an underlying uncertainty about the type of the
administrator.
Keywords: Contests, Contest Success Function …