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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
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
Persistent link: https://www.econbiz.de/10011486365
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/10011489403
Persistent link: https://www.econbiz.de/10010436634
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/10011473887
Persistent link: https://www.econbiz.de/10011406810
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/10013122404
Costly competitions between economic agents are modeled as contests. Researchers use laboratory experiments to study contests and test comparative static predictions of contest theory. Commonly, researchers find that participants' efforts are significantly higher than predicted by the standard...
Persistent link: https://www.econbiz.de/10012910152