Showing 1 - 10 of 35
This paper studies the influence of information on entry choices in a competition with a controlled laboratory experiment. We investigate whether information provision attracts mainly high productivity individuals and reduces competition failure, where competition failure occurs when a subject...
Persistent link: https://www.econbiz.de/10011279246
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/10010754117
This paper discusses the strategic role of mismatching, where players voluntarily form inefficient teams or forego the formation of efficient teams, respectively. Strategic mismatching can be rational when players realize a competitive advantage (e.g. harming other competitors). In addition, the...
Persistent link: https://www.econbiz.de/10005703300
tournament and a piece-rate pay scheme before performing a real task. Men choose the tournament significantly more often than …
Persistent link: https://www.econbiz.de/10005703512
the tournament even further since output tends to become more slipshod. …
Persistent link: https://www.econbiz.de/10005703722
. Depending on the treatment, the variable payment is either a piece rate, a tournament or a revenue-sharing scheme. We elicit … findings are as follows. First, output is much higher in the variable pay schemes (piece rate, tournament, and revenue sharing …
Persistent link: https://www.econbiz.de/10005703774
in a tournament, but increase individual and total output. If the tournament is optimally designed, welfare is higher if …
Persistent link: https://www.econbiz.de/10005822353
This study examines whether people optimally respond to prize incentives for risk taking in tournaments. I exploit the television game show World Poker Tour as a natural experiment. The results show that professional players strategically choose the degree of risk taking depending on the...
Persistent link: https://www.econbiz.de/10005822382
assuming the principal to be unable to commit to a certain policy at the beginning of the tournament. Our analysis shows that …
Persistent link: https://www.econbiz.de/10005822892
We empirically model performance in the final round of a multiple-round tournament as a spatially autoregressive …
Persistent link: https://www.econbiz.de/10005763500