A stochastic derivation of the ratio form of contest success functions
Data(s) |
01/06/2008
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Resumo |
This note provides a distribution-based justification for the ratio form of contest success functions (CSFs), in which a player’s success depends positively on her effort relative to that of her opponents. I show that the inverse exponential distribution of the random shocks yields the ratio form. Extending this approach to asymmetric contests, I also derive an asymmetric ratio form of CSFs. <br /> |
Identificador | |
Idioma(s) |
eng |
Publicador |
Springer New York LLC |
Relação |
http://dro.deakin.edu.au/eserv/DU:30024386/jia-stochasticderivation-2008.pdf http://dx.doi.org/10.1007/s11127-007-9242-1 |
Direitos |
2007, Springer Science+Business Media, LLC |
Palavras-Chave | #contest success functions #inverse exponential distribution |
Tipo |
Journal Article |