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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
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
. We show that when the subjects choose to enter a tournament, the average effort is higher and the between …
Persistent link: https://www.econbiz.de/10005763542
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