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I examine properties of worker behavior under promotion tournaments, and discuss their implications for the design of promotion tournaments. Given their tasks, workers will decide how much effort they exert. In addition to this decision-making, they have the opportunity to decide their...
Persistent link: https://www.econbiz.de/10009431285
In the last decade, forced ranking systems where employees' bonuses depend on their rank assigned by superiors have become less popular. Whereas the inherently competitive structure of ranking systems provides high effort incentives, it might also increase incentives for misconduct. Previous...
Persistent link: https://www.econbiz.de/10013353473
present results from a laboratory experiment in which two parties can appropriate resources via a contest or, alternatively …
Persistent link: https://www.econbiz.de/10014476174
A typical empirical study involves choosing a sample, a research design, and an analysis path. Variation in such choices across studies leads to heterogeneity in results that introduce an additional layer of uncertainty not accounted for in reported standard errors and confidence intervals. We...
Persistent link: https://www.econbiz.de/10014476332
Victorious alliances often fight about the spoils of war. We consider experimentally when members of victorious alliances accept a peaceful division of the spoils, and when they fight against each other, and how the inability to commit to a peaceful division affects their effort contributions in...
Persistent link: https://www.econbiz.de/10010309020
We study endogenous group formation in tournaments employing experimental threeplayer contests. We find that players in endogenously formed alliances cope better with the moral hazard problem in groups than players who are forced into an alliance. Also, players who are committed to expending...
Persistent link: https://www.econbiz.de/10010312828
that increases wealth or through a contest in which unproductive (rent-seeking) effort is used to redistribute wealth …
Persistent link: https://www.econbiz.de/10014534323
Doctor of Philosophy
Persistent link: https://www.econbiz.de/10009464036
Innovation ist von zentraler Bedeutung für Entwicklung und Wirtschaftswachstum. Innovation findet in einem institutionellen Rahmen statt. Auktionen und auktionsähnliche Mechanismen sind Institutionen. Sie organisieren Transaktionen zwischen ökonomischen Agenten. Auktionen enthüllen private...
Persistent link: https://www.econbiz.de/10009467148
We consider a standard two-player all-pay auction with private values, where the valuation for the object is private information to each bidder. The crucial feature is that one bidder is favored by the allocation rule in the sense that he need not bid as much as the other bidder to win the...
Persistent link: https://www.econbiz.de/10010263050