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Tournaments, Coalitions, and Truthfulness
Brown, Murray; Chiang, Shin-Hwan - 2008
effort and sabotage on a prize set by a principal) is extended to allow for coalitions. Using a sequential coalition … formation model with a coalition externality (larger coalitions make self-enforcing sabotage and synergy strategies more … effective), coalition members coordinate their sabotage-synergy activities. Our main result is a sufficient condition for the …
Persistent link: https://ebvufind01.dmz1.zbw.eu/10014072263
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Competing on the holodeck : the effect of virtual peers and heterogeneity in dynamic tournaments
Graff, Jan Frederik; Grund, Christian; Harbring, Christine - 2018
We propose experiments in virtual reality (VR) as a new approach to examining behavior in an economic context, e.g., heterogeneity in dynamic tournaments. We simulate a realistic working situation in a highly immersive environment. Implementing a tournament in VR, we are able to mitigate the...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10011946765
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Risk-Taking in Dynamic Contests
Usvitskiy, Alexander - 2022
We investigate a process of decision-making in a multi-period winner-take-all contest, in which competing players simultaneously choose among actions with different levels of risk every period. Strategic risk-taking is analyzed in isolation from effort choices, and, according to expected utility...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10014081228
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Intrafirm conflicts and interfirm competition
Güth, Werner; Pull, Kerstin; Stadler, Manfred - 2011
We study strategic interfirm competition allowing for internal conflicts in each seller firm. Intrafirm conflicts are …, interfirm competition leads to a higher revenue share for the agents, higher equilibrium effort levels and higher agent utility … employed by the competing firms. -- agency theory ; strategic interfirm competition ; revenue sharing …
Persistent link: https://ebvufind01.dmz1.zbw.eu/10009233357
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Intra-firm conflicts and interfirm competition
Güth, Werner; Pull, Kerstin; Stadler, Manfred - 2009
We study interaction effects between intra-firm conflicts and interfirm competition on a duopolistic market with seller … firms employing one or more agents and implementing tournament incentives. We show that inter-firm competition leads to … ; strategic competition …
Persistent link: https://ebvufind01.dmz1.zbw.eu/10003803472
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Optimal prizes in dynamic elimination contests : an experimental analysis ; conference paper
Stracke, Rudi; Höchtl, Wolfgang; Kerschbamer, Rudolf; … - 2013
This paper investigates the effects of different prize structures on the effort choices of participants in two-stage elimination contests. A format with a single prize is shown to maximize total effort over both stages, but induces low effort in stage 1 and high effort in stage 2. By contrast, a...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10010340562
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Competition and risk-taking
Gürtler, Oliver; Struth, Lennart; Thon, Max - 2022
potentially leads to a large loss. The current paper studies how such risk-taking behavior depends on the level of competition … that the agents face. We study a tournament model and we find that more intense competition, measured by the number of …
Persistent link: https://ebvufind01.dmz1.zbw.eu/10013337710
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Competition and risk-taking
Gürtler, Oliver; Struth, Lennart; Thon, Max - 2022 - Updated version
potentially leads to a large loss. The current paper studies how such risk-taking behavior depends on the level of competition … that the agents face. We study a tournament model and we find that more intense competition, measured by the number of …
Persistent link: https://ebvufind01.dmz1.zbw.eu/10013438624
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Feedback and Incentives : Experimental Evidence
Eriksson, Tor; Poulsen, Anders; Villeval, Marie-Claire - 2011
since the underdogs almost never quit the competition even when lagging significantly behind, and frontrunners do not slack …
Persistent link: https://ebvufind01.dmz1.zbw.eu/10014218453
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Feedback and Incentives : Experimental Evidence
Eriksson, Tor; Poulsen, Anders; Villeval, Marie-Claire - 2021
since the underdogs almost never quit the competition even when lagging significantly behind, and frontrunners do not slack …
Persistent link: https://ebvufind01.dmz1.zbw.eu/10013325263