Tournaments and Multiple Productive Inputs: The Case of Performance Enhancing Drugs

In this paper I consider the desirability of drugs that enhance cognitive abilities in the context of tournaments that are used as optimal labor contracts as in Lazear and Rosen (1981). Such drugs reduce the number of voluntary participants in a tournament, but increase individual and total output. If the tournament is optimally designed, welfare is higher if drugs are available and used.

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Year of publication:	2005-11
Authors:	Konrad, Kai A.
Institutions:	Institute for the Study of Labor (IZA)
Subject:	cognitive enhancement drugs \| tournament \| labor market incentives \| doping \| entry in tournaments

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Extent:	application/pdf
Series:	IZA Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 1844 15 pages
Classification:	D72 - Economic Models of Political Processes: Rent-Seeking, Elections, Legistures, and Voting Behavior ; D74 - Conflict; Conflict Resolution; Alliances ; L23 - Organization of Production ; M54 - Labor Management (team formation, worker empowerment, job design, tasks and authority, job satisfaction)
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005822353