A stochastic derivation of the ratio form of contest success functions

Jia, Hao

doi:10.1007/s11127-007-9242-1

Cited by 129 publications

(82 citation statements)

References 13 publications

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“…They notice that for two agents it is possible to specify a functional form for this function which yields the Tullock probability function (see also Hirshleifer and Riley (1992)). This was generalized by Jia (2007) to n > 2. In related work Fullerton and McAfee (1999) and Baye and Hoppe (2003) o¤er micro-foundations for a subset of CSFs of the form in (1) in the context of innovation tournaments and patent races following an analogous procedure.…”

Section: Two Contestantsmentioning

confidence: 97%

Foundations for contest success functions

Corchón

Dahm

2008

Econ Theory

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In the literature the outcome of contests is either interpreted as win probabilities or as shares of the prize. With this in mind, we examine two approaches to contest success functions. In the …rst we analyze the implications of contestants' incomplete information concerning the 'type' of the contest administrator. While in the case of two contestants this approach can rationalize prominent contest success functions, we show that it runs into di¢ culties when there are more agents. Our second approach interprets contest success functions as sharing rules and establishes a connection to bargaining and claims problems which is independent of the number of contestants. Both approaches provide foundations for popular contest success functions and guidelines for the de…nition of new ones.

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Section: Two Contestantsmentioning

confidence: 97%

Foundations for contest success functions

Corchón

Dahm

2008

Econ Theory

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“…We then consider the unconditional probability, which can be written as pðx; yÞ ¼ probðq 1 x > q 2 yÞ ¼ Ð 1 0 e Àaðq2y=xÞ f ðyÞdy ¼ x=ðx þ yÞ. For the extension of these derivations to the n-party setting, see Jia (2008). Second, Skaperdas (1996) provides the axiomatic foundations of Tullock's contest success function.…”

Section: Period 3: the Trialmentioning

confidence: 99%

Can Decoupling Punitive Damages Deter an Injurer’s Harmful Activity?

Ikeda

Mori

2015

Review of Law &Amp; Economics

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This study theoretically analyzes the effect of decoupling punitive damages under the adversarial system. Decoupling means taking punitive award windfalls away from plaintiffs and placing them into state-administered funds. In particular, it aims to reveal the incentive structure of decoupling and examine how this affects human behaviors. Although some commentators argue that decoupling punitive damages effectively disgorges plaintiffs of any potential windfall without diminishing the deterrent effect of punitive damages, we demonstrate that decoupling actually reduces the deterrence effect under the adversarial system.

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“…This paper has grown out of appendix 8. Nitzan (2006, 2007) and Jia (2008). Rai and Sarin (2007) is perhaps the most closely related; they independently cover similar ground as Theorems 1 and 2 below, but do not discuss the generalization of the logistic contest success function, or the summation case.…”

Section: Introductionmentioning

confidence: 99%

Group contest success functions

Münster

2009

Econ Theory

101

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Skaperdas (1996) and Clark and Riis (1998) to contests between groups. Terms of use: Documents in EconStor may

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A stochastic derivation of the ratio form of contest success functions

Abstract: Contest success functions, Inverse exponential distribution,

Cited by 129 publications

References 13 publications

Foundations for contest success functions

Foundations for contest success functions

Can Decoupling Punitive Damages Deter an Injurer’s Harmful Activity?

Group contest success functions

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