Fu, Qiang and Lu, Jingfeng (2007): Unifying Contests: from Noisy Ranking to Ratio-Form Contest Success Functions.
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Abstract
This paper proposes a multi-winner noisy-ranking contest model. Contestants are ranked in a descending order by their perceived outputs, and rewarded by their ranks. A contestant's perceivable output increases with his/her autonomous effort, but is subject to random perturbation. We establish, under plausible conditions, the equivalence between our model and the family of (winner-take-all and multi-winner) lottery contests built upon ratio-form contest success functions. Our model thus provides a micro foundation for this family of often studied contests. In addition, our approach reveals a common thread that connects a broad class of seeming disparate competitive activities and unifies them in the nutshell of ratio-form success functions.
| Item Type: | MPRA Paper |
|---|---|
| Original Title: | Unifying Contests: from Noisy Ranking to Ratio-Form Contest Success Functions |
| Language: | English |
| Keywords: | Multi-Winner Contest; Contest Success Function; Noisy Ranking |
| Subjects: | C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory |
| Item ID: | 6617 |
| Depositing User: | Qiang Fu |
| Date Deposited: | 07 Jan 2008 13:52 |
| Last Modified: | 29 Sep 2019 04:33 |
| URI: | https://mpra.ub.uni-muenchen.de/id/eprint/6617 |
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