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The pros and cons of workplace tournaments : tournaments can outperform other compensation schemes such as piece-rate and fixed wage contracts

Sheremeta, Roman M. - 2016

Tournaments are commonly used in the workplace to determine promotion, assign bonuses, and motivate personal development. Tournament-based contracts can be very effective in eliciting high effort, often outperforming other compensation contracts, but they can also have negative consequences for...

Persistent link: https://www.econbiz.de/10011554844

Impulsive behavior in competition : testing theories of overbidding in rent-seeking contests

Sheremeta, Roman M. - 2016

Persistent link: https://www.econbiz.de/10011569166

Teams or tournaments? : a field experiment on cooperation and competition in academic achievement

Bigoni, Maria; Fort, Margherita; Nardotto, Mattia; … - 2011 - This version: 23 May, 2011

characteristics are observed. Students are randomly assigned to a tournament scheme that fosters competition between coupled students … which students can neither compete, nor cooperate. In line with theoretical predictions, we find that competition induces …

Persistent link: https://www.econbiz.de/10011737257

Designing contests between heterogeneous contestants : an experimental study of tie-breaks and bid-caps in all-pay auctions

Llorente-Saguer, Aniol; Sheremeta, Roman M.; Szech, Nora - 2016

A well-known theoretical result in the contest literature is that greater heterogeneity decreases performance of contestants because of the "discouragement effect." Leveling the playing field by favoring weaker contestants through bid-caps and favorable tie-breaking rules can reduce the...

Persistent link: https://www.econbiz.de/10011472073