Article ID Journal Published Year Pages File Type
5078140 International Journal of Industrial Organization 2013 12 Pages PDF
Abstract
► We review stochastic, axiomatic, and other micro-foundations of contest functions. ► We discuss how different foundations guide applications of various contest functions. ► We find ratio-form contest having broad support among various theoretical foundations. ► We also discuss salient issues relevant to empirically estimating contest functions.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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