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consensus value is discussed.Finally, two applications of the consensus value are given: one is for oligopoly games in partition …
Persistent link: https://www.econbiz.de/10011091966
Using a controlled experiment, we examine the role of nurture in explaining the stylized fact that women shy away from competition. Our subjects (students just under 15 years of age) attend publicly-funded single-sex and coeducational schools. We find robust differences between the competitive...
Persistent link: https://www.econbiz.de/10005082535
In this paper we present an axiomatic analysis of several ranking methods for tournaments. We find that two of them exhibit a very good behaviour with respect to the set of properties under consideration. One of them is the maximum likelihood ranking, the most common method in statistics and...
Persistent link: https://www.econbiz.de/10011092766
In a dynamic model of sports competition, we show that when spectators care only about the level of effort exerted by contestants, rewarding schemes that depend linearly on the final score difference provide more efficient incentives for efforts than schemes based only on who wins and loses....
Persistent link: https://www.econbiz.de/10005114294
tournament where they are ranked according to the quality of their services, and rewarded in terms of contract renewals. We …
Persistent link: https://www.econbiz.de/10005114452
In many economic applications involving comparisons of multivariate distributions, supermodularity of an objective function is a natural property for capturing a preference for greater interdependence. One multivariate distribution dominates another according to the `supermodular stochastic...
Persistent link: https://www.econbiz.de/10011083601
The ability of groups to implement efficiency-enhancing institutions is emerging as a central theme of research in economics. This paper explores voting on a scheme of intergroup competition which facilitates cooperation in a social dilemma situation. Experimental results show that the...
Persistent link: https://www.econbiz.de/10011084279
tournament structure explains the performance gender-gap. We find that performance is statistically lower for women, the variance …
Persistent link: https://www.econbiz.de/10005792216
high-prize tournament, while low-ability agents compete for the low prize. However, there are also equilibria in which … agents follow a mixed strategy and there can be reverse sorting, i.e. low-ability agents are in the tournament with the high … prize, while high-ability agents are in the low-prize tournament. We show that total effort always decreases compared to a …
Persistent link: https://www.econbiz.de/10008642881
Business services firms are increasingly under pressure from foreign competition. We develop an oligopolistic competition model that studies the effect of trade liberalization on exit and sectoral restructuring in the business services sector. We assume that firms are heterogeneous in their...
Persistent link: https://www.econbiz.de/10008692315