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This paper analyzes intertemporal effort provision in two-stage tournaments. A principal with a fixed budget for prizes faces two risk-neutral agents. He observes noisy signals of effort in both periods. His goal is to maximize either total efforts (perfect substitutes) or the product of first-...
Persistent link: https://www.econbiz.de/10010338948
Incentives based on esteem, honor and shame are increasingly popular and easy to use due to modern surveillance … Tirole (2011) to explore the effect of esteem-based incentives and their interaction with traditional monetary incentives. We … show that esteem-based incentives can indeed lead to a loss of control by generating multiple equilibria, some of which …
Persistent link: https://www.econbiz.de/10011844573
Persistent link: https://www.econbiz.de/10010229427
To test and replicate the superstar effect reported by Brown (2011) we empirically study contests where a single entrant has an endogenously higher probability of winning. Unlike the previous literature, we test for the presence of the superstar effect in several different contexts. Ultimately,...
Persistent link: https://www.econbiz.de/10011647661
We run a field experiment to investigate whether competing in rank-order tournaments with different prize spreads affects individual performance. Our experiment involved students from an Italian University who took an intermediate exam in which one part was awarded on the basis of their relative...
Persistent link: https://www.econbiz.de/10011455813
incentives based on reputation and the allocation of esteem. However, their use is controversial: critics argue that shaming can … by Benabou and Tirole (2011) to explore the effect of esteem-based incentives and their interaction with traditional … esteem incentives is interdependent. If both types of incentives are costly to implement, esteem incentives should optimally …
Persistent link: https://www.econbiz.de/10014103099
agent-principal relationships. The incentives literature relevant to implementation is reviewed, as well as relevant …
Persistent link: https://www.econbiz.de/10014032784
We develop a theory of incentives, wages, and employment in the context of team production. A central insight is that … incentives under moral hazard. We show that incentives and employment are complements for the principal when the positive effects …
Persistent link: https://www.econbiz.de/10013068158
Incentives based on esteem, honor and shame are increasingly popular and easy to use due to modern surveillance … Tirole (2011) to explore the effect of esteem-based incentives and their interaction with traditional monetary incentives. We … show that esteem-based incentives can indeed lead to a loss of control by generating multiple equilibria, some of which …
Persistent link: https://www.econbiz.de/10012899388
Firms regularly use incentives to motivate their employees to be more productive. However, often little attention is … paid to the language used in employment contracts to describe these incentives. It may be more effective to present … incentives as entitlements that can be lost by failing to reach a performance target, rather than as additional rewards that can …
Persistent link: https://www.econbiz.de/10011433993