Cason, Timothy N.; Masters, William A.; Sheremeta, Roman M. - In: Journal of Public Economics 94 (2010) 9-10, pp. 604-611
This experiment compares the performance of two contest designs: a standard winner-take-all tournament with a single fixed prize, and a novel proportional-payment design in which that same prize is divided among contestants by their share of total achievement. We find that proportional prizes...