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Contest success function with the possibility of a draw: Axiomatization
Authors:Pavlo R Blavatskyy
Institution:Institute of Public Finance, University of Innsbruck, Universitaetsstrasse 15, A-6020 Innsbruck, Austria
Abstract:In imperfectly discriminating contests the contestants contribute effort to win a prize but the highest contributed effort does not necessarily secure a win. The contest success function (CSF) is the technology that translates an individual's effort into his or her probability of winning. This paper provides an axiomatization of CSF when there is the possibility of a draw (the sum of winning probabilities across all contestants does not add up to one).
Keywords:C72  D72  L13
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