The incentive effect of a handicap

The incentive effect of a handicap in a tournament competition is studied. A handicap may decrease the effort levels of the advantaged group or the disadvantaged group. However, the average effort level will always increase as long as the performance measure is informative of effort in a specific sense: the monotone likelihood ratio property.

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Year of publication:	2013
Authors:	Lee, Sam-Ho
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 118.2013, 1, p. 42-45
Publisher:	Elsevier
Subject:	Handicap \| Effort Incentive \| Tournament \| Monotone likelihood ratio Property

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Type of publication:	Article
Classification:	D0 - Microeconomics. General ; C7 - Game Theory and Bargaining Theory
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010603142