A stochastic derivation of the ratio form of contest success functions

被引：71

作者：

Jia, Hao ^{[1
]}

机构：

[1] Univ Calif Irvine, Dept Econ, Irvine, CA 92697 USA

来源：

PUBLIC CHOICE | 2008年 / 135卷 / 3-4期

关键词：

contest success functions; inverse exponential distribution;

D O I：

10.1007/s11127-007-9242-1

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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.

引用

页码：125 / 130

页数：6

共 14 条

[1] The strategic equivalence of rent-seeking, innovation, and patent-race games [J].