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We study experimental markets in which participants face incentives modeled upon those prevailing in markets for managed funds. Each participant's portfolio is periodically evaluated at market value and ranked in a league table according to short-term paper returns. Those who rank highly attract...
Persistent link: https://www.econbiz.de/10013124787
Championships, where a rule change in 2009 basically constituted a natural experiment that introduced one costless opportunity for …
Persistent link: https://www.econbiz.de/10013110864
We use experiments to test comparative statics predictions of canonical tournament theory. Both the roles of principal … tournament design. Consistent with theory, we observed an incentive effect from raising the winner's prize. However, we also …
Persistent link: https://www.econbiz.de/10013111204
We use experiments to test comparative statics predictions of canonical tournament theory. Both the roles of principal … tournament design. Consistent with theory, we observed an incentive effect from raising the winner's prize. However, we also …
Persistent link: https://www.econbiz.de/10013112121
Persistent link: https://www.econbiz.de/10009571167
We use experiments to test comparative statics predictions of canonical tournament theory. Both the roles of principal … tournament design. Consistent with theory, we observed an incentive effect from raising the winner's prize. However, we also … model once the textbook assumption of separable agent utility is relaxed. -- tournaments ; experiment ; social preferences …
Persistent link: https://www.econbiz.de/10009530179
Championships, where a rule change in 2009 basically constituted a natural experiment that introduced one costless opportunity for … ; natural experiment …
Persistent link: https://www.econbiz.de/10009737429
We ran a field experiment in a Dutch retail chain consisting of 128 stores. In a random sample of these stores, we … tournament. Lastly, despite the substantial variation in team size, we find no evidence for free-riding. …
Persistent link: https://www.econbiz.de/10011378827
non-routine task and identify the importance of these behavioral aspects. In a natural field experiment (n>1 …
Persistent link: https://www.econbiz.de/10013219059
This paper investigates the effects of managerial incentives on favoritism in promotion decisions. First, we theoretically show that favoritism leads to a lower quality of promotion decisions and in turn lower efforts. But the effect can be mitigated by pay-for-performance incentives for...
Persistent link: https://www.econbiz.de/10013128837