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It is difficult to test the prediction that future career prospects create implicit effort incentives because researchers cannot randomly “assign” career prospects to economic agents. To overcome this challenge, we use data from professional soccer, where employees of the same club face...
Persistent link: https://www.econbiz.de/10010442390
It is difficult to test the prediction that future career prospects create implicit effort incentives because researchers cannot randomly “assign” career prospects to economic agents. To overcome this challenge, we use data from professional soccer, where employees of the same club face...
Persistent link: https://www.econbiz.de/10011808006
suppliers. We also compare other common contests, in particular, fixed-prize tournaments and auctions. Like bonus tournaments …This paper analyzes the design of innovation contests when the quality of an innovation depends on the research …, auctions implement the socially optimal diversity, but usually with higher rents for the suppliers. Fixed-prize tournaments …
Persistent link: https://www.econbiz.de/10011410264
the well being of others. In this paper we examine tournaments among inequity averse agents, who dislike disadvantageous …
Persistent link: https://www.econbiz.de/10011415111
This paper analyzes data from a tournament, namely the National Hockey League regular scheduled season of games, which provides incentives to increase effort in order to reach the playoffs and incentives to decrease effort once a team has been eliminated from playoff considerations because of...
Persistent link: https://www.econbiz.de/10011639595
To test and replicate the superstar effect reported by Brown (2011) we empirically study contests where a single …
Persistent link: https://www.econbiz.de/10011647661
success function. Our framework includes Tullock contests, Lazear-Rosen tournaments and all-pay contests as special cases …We consider the design of contests for n agents when the principal can choose both the prize profile and the contest …
Persistent link: https://www.econbiz.de/10012223823
We study quantity and price competition in heterogeneous triopoly markets where two firms are commonly owned by institutional shareholders, whereas the third firm is owned by independent shareholders. With such a mixed ownership structure, the common owners have an incentive to coordinate their...
Persistent link: https://www.econbiz.de/10013330969
We introduce three variations of the Hirshleifer-Skaperdas conflict game to study experimentally the effects of post-conflict behavior and repeated interaction on the allocation of effort between production and appropriation. Without repeated interaction, destruction of resources by defeated...
Persistent link: https://www.econbiz.de/10009771751
Persistent link: https://www.econbiz.de/10009775042