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Success in contests
Economic Theory ( IF 1.2 ) Pub Date : 2021-05-07 , DOI: 10.1007/s00199-021-01367-4 David K. Levine , Andrea Mattozzi
中文翻译:
比赛成功
更新日期:2021-05-08
Economic Theory ( IF 1.2 ) Pub Date : 2021-05-07 , DOI: 10.1007/s00199-021-01367-4 David K. Levine , Andrea Mattozzi
Models of two contestants exerting effort to win a prize are very common and widely used in political economy. The contest success function plays as fundamental a role in the theory of contests as does the production function in the theory of the firm, yet beyond the existence of equilibrium few general results are known. This paper seeks to remedy that gap.
中文翻译:
比赛成功
两名努力赢得奖品的参赛者的模型非常普遍,并且在政治经济学中得到了广泛的应用。竞赛成功函数在竞赛理论中起着根本性的作用,而企业理论中的生产函数则起着根本性的作用,但是除了均衡的存在之外,鲜有一般结果。本文力图弥补这一差距。