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We identify a new problem that may arise when heterogeneous workers are motivated by relative performance schemes: If workers’ abilities and the production technology are complements, the firm may prefer not to adopt a more advanced technology even though this technology would costlessly...
Persistent link: https://www.econbiz.de/10010271450
differences in betting odds or rankings to measure ability differences, our results support standard tournament theory as we find …
Persistent link: https://www.econbiz.de/10010333912
experiment. We investigate whether information provision attracts mainly high productivity individuals and reduces competition … decision problem and to update beliefs about success. In the experiment, subjects face the choice between a competition game …
Persistent link: https://www.econbiz.de/10010282257
For our experiment on corruption, we designed a coordination game to model the influence of risk attitudes, beliefs …
Persistent link: https://www.econbiz.de/10010291803
For our experiment on corruption we designed a coordination game to model the influence of risk attitudes, beliefs, and …
Persistent link: https://www.econbiz.de/10010301733
We investigate the effect of employee heterogeneity on the incentive to put forth effort in a market-based tournament …. Employers use the tournament's outcome to estimate employees' abilities and accordingly condition their wage offers. Employees … ability assessment and thus the wage offer. We demonstrate that the tournament outcome provides more information about …
Persistent link: https://www.econbiz.de/10009680209
This paper studies the effect of performance feedback on tournament outcomes, when a possibly dishonest principal may …
Persistent link: https://www.econbiz.de/10010486471
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