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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...
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We examine the effect of inter-group fiscal competition on within-group violent conflict. Using a triple difference … that higher competition between villages reduces conflict but only up to moderate levels of competition. The conflict …-reducing effects of competition are largest in the most ethnically fractionalized and segregated villages and exist regardless of the …
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competition on markets. …
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on actual competition and contract outcomes are ambiguous. We pool a decade of US federal procurement data to shed light …
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We correlate competitive bidding and profits in symmetric independent private value first-price auctions with salivary testosterone, estradiol, progesterone, and cortisol in more than 200 subjects. Bids are significantly positively correlated and profits are significantly negatively correlated...
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