Showing 1 - 10 of 24
This paper examines how success-at-work, interpreted by both subjective and relative criteria, can motivate individuals to enhance their effort and utility. We employ a general specification utility function and show that the final effect of technological growth on individuals' effort and...
Persistent link: https://www.econbiz.de/10005314779
Persistent link: https://www.econbiz.de/10003323032
Persistent link: https://www.econbiz.de/10003387197
Persistent link: https://www.econbiz.de/10012016791
Persistent link: https://www.econbiz.de/10012656904
Persistent link: https://www.econbiz.de/10012021950
Persistent link: https://www.econbiz.de/10012538921
This paper shows that in a contest with the "Tullock" forms of contest success function, an increase in the number of contestants always reduces individual effort. However, when the outcome of the contest is governed by a noisy function of effort, then individual effort could either increase or...
Persistent link: https://www.econbiz.de/10014589088
This paper models a market for status contained in a knowledge economy. Technological progress favours the knowledge sector and inequality of income rises with productivity. We show that the expected utility of all agents can fall while output and productivity grow; and such an outcome of...
Persistent link: https://www.econbiz.de/10011155094
This paper shows that in a contest with the "Tullock" forms of contest success function, an increase in the number of contestants always reduces individual effort. However, when the outcome of the contest is governed by a noisy function of effort, then individual effort could either increase or...
Persistent link: https://www.econbiz.de/10005751190