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Barlevy, Gadi - 2011

We analyze an incentive pay scheme for educators that links educator compensation to the ranks of their students within appropriately defined comparison sets, and we show that under certain conditions this scheme induces teachers to allocate socially optimal levels of effort to all students....

Persistent link: https://www.econbiz.de/10013122652

On the Role of Group Size in Tournaments : Theory and Evidence from Lab and Field Experiments

List, John A. - 2014

. We begin with a theoretical exploration of optimal contest design, focusing on the number of competitors. Our theory … test of the theory implements a laboratory experiment, where important features of the theory can be exogenously imposed … models to inform us of the relevant theoretical predictions. In both cases we find that the theory has a fair amount of …

Persistent link: https://www.econbiz.de/10013056205

Crowdsourcing City Government : Using Tournaments to Improve Inspection Accuracy

Glaeser, Edward L. - 2016

Can open tournaments improve the quality of city services? The proliferation of big data makes it possible to use predictive analytics to better target services like hygiene inspections, but city governments rarely have the in-house talent needed for developing prediction algorithms. Cities...

Persistent link: https://www.econbiz.de/10012995969

Intra Firm Bargaining and Shapley Values

Bruegemann, Bjoern - 2015

The paper revisits the problem of wage bargaining between a firm and multiple workers. We show that the Subgame Perfect Equilibrium of the extensive-form game proposed by Stole and Zwiebel (1996a) does not imply a profile of wages and profits that coincides with the Shapley values as claimed in...

Persistent link: https://www.econbiz.de/10013016648

Selecting the Best? Spillover and Shadows in Elimination Tournaments

Brown, Jennifer - 2015

our theory predictions using data from high-stakes tournaments. Empirical results suggest that shadow and spillover …

Persistent link: https://www.econbiz.de/10013037448

The Economics of Identity and the Endogeneity of Race

Bodenhorn, Howard - 2010

Economic and social theorists have modeled race and ethnicity as a form of personal identity produced in recognition of the costliness of adopting and maintaining a specific identity. These models of racial and ethnic identity recognize that race and ethnicity is potentially endogenous because...

Persistent link: https://www.econbiz.de/10012762773

Optimal Inequality/Optimal Incentives : Evidence from a Tournament

Freeman, Richard B. - 2009

This paper examines performance in a tournament setting with different levels of inequality in rewards and different provision of information about individual's skill at the task prior to the tournament. We find that that total tournament output depends on inequality according to an inverse U...

Persistent link: https://www.econbiz.de/10012767237

The Heterogeneous Effect of Affirmative Action on Performance

Bracha, Anat - 2018

This paper experimentally investigates the effect of gender-based affirmative action (AA) on performance in the lab, focusing on a tournament environment. The tournament is based on GRE math questions commonly used in graduate school admission, and at which women are known to perform worse on...

Persistent link: https://www.econbiz.de/10012906801

A Game Theoretic Foundation of Competitive Equilibria with Adverse Selection

Netzer, Nick - 2012

We construct a fully specified extensive form game that captures competitive markets with adverse selection. In particular, it allows firms to offer any finite set of contracts, so that cross-subsidization is not ruled out. Moreover, firms can withdraw from the market after initial contract...

Persistent link: https://www.econbiz.de/10013099130

A Comparison of Tournaments and Contracts

Green, Jerry; Stokey, Nancy L. - 2021

Tournaments, reward structures based on rank order, are compared with individual contracts in a model with one risk-neutral principal and many risk-averse agents. Each agents' output is a stochastic function of his effort level plus an additive shock term that is common to all the agents. The...

Persistent link: https://www.econbiz.de/10013232756