Showing 1 - 10 of 50,886
This paper investigates the implications of different prize structures on effort provision in dynamic (two-stage) elimination contests. Theoretical results show that, for risk-neutral participants, a structure with a single prize for the winner of the contest maximizes total effort, while a...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10010260060
We establish the existence and uniqueness of pure-strategy equilibrium in two-worker rank order contests with sabotage … while allowing interdependent effects of productive and sabotage effort. We find that diverging marginal costs in workers …' productive effort discourage sabotage activity. For symmetric workers, it is optimal to set a pay dispersion that induces …
Persistent link: https://ebvufind01.dmz1.zbw.eu/10012992767
, the bulk of the research addresses competition with others and excludes other economically relevant competition that may … contribute to the gender pay gap. In this paper, we ask: How does gender affect how individuals react to competition against … women select into intrapersonal competition at significantly higher rates than interpersonal competition, the first such …
Persistent link: https://ebvufind01.dmz1.zbw.eu/10011631427
In winner-take-all tournaments, agents' performance is determined jointly by effort and luck, and the top performer is rewarded. We study the impact of the ''shape of luck'' -- the details of the distribution of performance shocks -- on incentives in such settings. We are concerned with the...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10012415494
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://ebvufind01.dmz1.zbw.eu/10011639595
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://ebvufind01.dmz1.zbw.eu/10011647661
, competition) to control for moderating effects of different incentives. Team incentives, risk taking, and self-esteem reduced … performance whereas a preference towards competition enhanced it. On average, we observe a second mover advantage. However …
Persistent link: https://ebvufind01.dmz1.zbw.eu/10011585854
In economic contests or tournaments where monitoring of the actions taken by contestants is imperfect competition is …
Persistent link: https://ebvufind01.dmz1.zbw.eu/10014061208
I study the design of sequential tournaments in which one agent makes his effort choice after observing the other agent's decision. In case the two agents are homogeneous and both risk-neutral, sequential tournaments are identical to simultaneous tournaments w.r. to prizes and effort...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10014117142
competition affect agents' performance? In a real-effort laboratory experiment, we study a one-time increase in incentives in a …
Persistent link: https://ebvufind01.dmz1.zbw.eu/10011895040