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Competition and Cooperation in Mutual Fund Families

Evans, Richard - 2019

Using manager compensation disclosure and intra-family manager cooperation measures, we create indices of family-level competitive/cooperative incentives. Families that encourage cooperation among their managers are more likely to engage in coordinated behavior (e.g., cross-trading,...

Persistent link: https://www.econbiz.de/10012901725

Learning from the Past : Trends in Executive Compensation Over the 20th Century

Frydman, Carola - 2010

In recent years, a large academic debate has tried to explain the rapid rise in CEO pay experienced over the past three decades. In this article, I review the main proposed theories, which span views of compensation as the result of a competitive labor market for executives to theories based on...

Persistent link: https://www.econbiz.de/10013149923

Bad Losers? Bad Winners? The Effect of the Quality of Competitors on Dishonesty and Effort in Repeated Competitions

Necker, Sarah - 2020

Competitive rewards are often assigned on a regular basis, e.g., in annual salary negotiations or employee-of-the-month schemes. In many settings, this implies that the quality of the competitor varies with earlier outcomes. Using a real-effort experiment, we examine how dishonesty and effort...

Persistent link: https://www.econbiz.de/10012845762

Learning from the Past : Trends in Executive Compensation over the Twentieth Century

Frydman, Carola - 2021

Persistent link: https://www.econbiz.de/10013316448

Self-Selection and the Efficiency of Tournaments

Eriksson, Tor; Teyssier, Sabrina; Villeval, Marie-Claire - 2023

The literature has shown that the overall efficiency of exogenously imposed tournaments is reduced by a high variance in performance. This paper reports results from an experiment analyzing whether allowing subjects to self-select into different payment schemes is reducing the variability of...

Persistent link: https://www.econbiz.de/10014255631

The impact of organizer market structure on participant entry behavior in a multi-tournament environment

Mathews, Timothy; Namoro, Soiliou Daw; Boudreau, James W. - In: Games 14 (2023) 1, pp. 1-21

organizers, implying greater organizer competition does not necessarily increase Social Welfare. Parallels are noted throughout …

Persistent link: https://www.econbiz.de/10014420155

The Effect of Competition Intensity and Competition Type on the Use of Customer Satisfaction Measures in Executive Annual Bonus Contracts

Chen, Xiaoling; Matsumura, Ella Mae; Shin, Jae Yong; … - 2014

This paper empirically examines the interactive effect of competition intensity and competition type on the use of … competition intensity in an industry and the use of customer satisfaction measures in executives’ annual bonus contracts when the … competition is non-price-based than when the competition is price-based. Using hand-collected data from S&P 1500 firms …

Persistent link: https://www.econbiz.de/10014178688

Intra-firm conflicts and interfirm competition

Güth, Werner; Pull, Kerstin; Stadler, Manfred - 2009

We study interaction effects between intra-firm conflicts and interfirm competition on a duopolistic market with seller … firms employing one or more agents and implementing tournament incentives. We show that inter-firm competition leads to …

Persistent link: https://www.econbiz.de/10010266674

Dynamic Incentive Effects of Heterogeneity in Multi-Stage Promotion Contests

Stracke, Rudi - 2014

This paper shows that the incentive effects of heterogeneity may be positive rather than negative in dynamic contests with multiple stages. In particular, the well-studied adverse effects of heterogeneity in static interactions are compensated by positive continuation-value and selection...

Persistent link: https://www.econbiz.de/10013049077

Explicit and Implicit Incentives for Multiple Agents

Glover, Jonathan C. - 2014

This monograph presents existing and new research on three approaches to multiagent incentives: simpler mechanisms, robust mechanisms, and implicit contracts. The goal of all three approaches is to find theories that better explain observed institutions than the standard approach has

Persistent link: https://www.econbiz.de/10013064724