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When Pressure Sinks Performance: Evidence from Diving Competitions
Garbi, Eleni; Genakos, Christos; Pagliero, Mario - Centre for Economic Performance, LSE - 2015
Tournaments are designed to enhance participants' effort and productivity. However, ranking near the top may increase … international diving tournaments. We find that competitors systematically underperform when ranked closer to the top, despite higher …
Persistent link: https://www.econbiz.de/10011261827
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The CEO Labour Market in China's Public Listed Companies
Bryson, Alex; Forth, John; Zhou, Minghai - Centre for Economic Performance, LSE - 2012
Using panel data for all of China's public listed firms over the period 2001-2010 we examine how firms have recruited and rewarded their executives over a decade of huge growth and turbulence. CEO pay is sensitive to firm performance, although the elasticities are lower than for the United...
Persistent link: https://www.econbiz.de/10010551657
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Executive Compensation and Product Market Competition
Cuñat, Vicente; Guadalupe, María - Centre for Economic Performance, LSE - 2004
The aim of this paper is to study the effects of product market competition on the explicit compensationpackages that firms offer to their executives. In order to measure the net effect of competition we use twodifferent identification strategies. The first exploits cross sectoral variation in...
Persistent link: https://www.econbiz.de/10004967707
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Product Market Competition Returns to Skill and Wage Inequality
Guadalupe, María - Centre for Economic Performance, LSE - 2005
This paper shows that increasing product market competition can have a direct impact on the employment relationship and on wage inequality. I develop a simple model in which an increase in product market competition increases returns to skill through the effect of competition on the sensitivity...
Persistent link: https://www.econbiz.de/10005017132
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A Survey of Experimental Research on Contests, All-Pay Auctions and Tournaments
Dechenaux, Emmanuel; Kovenock, Dan; Sheremeta, Roman - Economic Science Institute (ESI), Argyros School of … - 2012
-pay auctions and rank-order tournaments. This survey provides a review of experimental research on these three canonical contests …Many economic, political and social environments can be described as contests in which agents exert costly efforts … while competing over the distribution of a scarce resource. These environments have been studied using Tullock contests, all …
Persistent link: https://www.econbiz.de/10010575500
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Why Can’t We Be Friends? Entitlements, bargaining, and conflict.
Kimbrough, Erik O.; Sheremeta, Roman M. - Economic Science Institute (ESI), Argyros School of … - 2012
We design an experiment to explore the impact of earned entitlements on the frequency and intensity of conflicts in a two-stage bargaining and conflict game with side-payments. In this game, residents (Proposers) make side-payment offers and contestants (Responders) decide whether to accept the...
Persistent link: https://www.econbiz.de/10010817376
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Why can’t we be friends? Entitlements and the costs of conflict
Kimbrough, Erik O; Sheremeta, Roman M - Economic Science Institute (ESI), Argyros School of … - 2014
We design an experiment to explore the impact of earned entitlements on the frequency and intensity of conflicts in a two-stage conflict game where players may attempt to use non-binding side-payments to avoid conflict. In this game, Proposers make offers and Responders decide simultaneously...
Persistent link: https://www.econbiz.de/10010817410
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Winner-Take-All and Proportional-Prize Contests: Theory and Experimental Results.
Sheremeta, Roman M.; Masters, William A.; Cason, Timothy N. - Economic Science Institute (ESI), Argyros School of … - 2012
competition: winner-take-all contests won by the best performer, winner-take-all lotteries where probability of success is … proportional to performance, and proportional-prize contests in which rewards are shared in proportion to performance. We introduce …-take-all contests. The lottery contests have the same Nash equilibrium as proportional prizes, but induce contestants to choose higher …
Persistent link: https://www.econbiz.de/10010817416
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Overbidding and Heterogeneous Behavior in Contest Experiments
Sheremeta, Roman M. - Economic Science Institute (ESI), Argyros School of … - 2013
We provide an overview of experimental literature on contests and point out the two main phenomena observed in most …
Persistent link: https://www.econbiz.de/10010817423
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Commitment Problems in Conflict Resolution.
Kimbrough, Erik O.; Rubin, Jared; Sheremeta, Roman M.; … - Economic Science Institute (ESI), Argyros School of … - 2013
Commitment problems are inherent to non-binding conflict resolution mechanisms, since an unsatisfied party can ignore the resolution and initiate conflict. We provide experimental evidence suggesting that even in the absence of binding contractual agreements individuals often avoid conflict by...
Persistent link: https://www.econbiz.de/10010817424