Rai, Birendra K.; Sarin, Rajiv - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2007
The key element of models of contest is the Contest Success Function (CSF) which specifiesthe winning probabilities of agents. The existing axiomatizations of CSFs assume thatcontestants can make only one type of investment. This paper generalizes these axiomatizationsto the case where each...