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competition between agents but also by the possibility to punish the principal via sabotage. … competitors in order to improve the own relative position. In the present study we investigate whether this sabotage problem is … mitigated in a repeated interaction between the agents and the principal. As sabotage can hardly be observed in real …
Persistent link: https://www.econbiz.de/10010262080
contests with heterogeneous agents who may individually sabotage each other. Our results suggest that sabotaging behavior … revealed sabotage decreases while retaliation motives prevail. …
Persistent link: https://www.econbiz.de/10010263109
Persistent link: https://www.econbiz.de/10009571167
Many tournaments are plagued by sabotage among competitors. Typically, sabotage is welfare-reducing, but from an …, sabotage is typically hidden, making it difficult to assess its extent and its victims. Therefore, we use data from Judo World … sabotage. In Judo, competitors can break an opponent's attack in an unsportsmanlike manner; these are seen as acts of sabotage …
Persistent link: https://www.econbiz.de/10009737429
Competitive rewards are often assigned on a regular basis, e.g., in annual salary negotiations or employee-of-the-month schemes. The repetition of competitions can imply that opponents are matched based on earlier outcomes. Using a real-effort experiment, we examine how cheating and effort...
Persistent link: https://www.econbiz.de/10014083482
competition for talent. High-ability individuals receive higher pay, but are not more likely to be awarded long-term compensation …. These findings suggest that long-term compensation arises in an optimal contract, because competition for talent accentuates …
Persistent link: https://www.econbiz.de/10013064773
This paper investigates the factors that make teams successful in competitive environments. In collaboration with a medium-sized Latin-American bank, we designed a series of contests among the branches of the bank, in which we varied the prize structure of the tournaments (in some tournaments,...
Persistent link: https://www.econbiz.de/10013247842
When exogenously imposed, rank-order tournaments have incentive properties but their overall efficiency is reduced by a high variance in performance (Bull, Schotter, and Weigelt 1987). However, since the efficiency of performance-related pay is attributable both to its incentive effect and to...
Persistent link: https://www.econbiz.de/10003283430
This paper surveys the recent literature on CEO compensation. The rapid rise in CEO pay over the past 30 years has sparked an intense debate about the nature of the pay-setting process. Many view the high level of CEO compensation as the result of powerful managers setting their own pay. Others...
Persistent link: https://www.econbiz.de/10008797772
stronger in markets with high competition for talent. We argue that this evidence supports models of competition for talent …
Persistent link: https://www.econbiz.de/10013030981