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Performance-maximizing large contests
Olszewski, Wojciech; Siegel, Ron - In: Theoretical Economics 15 (2020) 1, pp. 57-88
Many sales, sports, and research contests are put in place to maximize contestants' performance. We investigate and provide a complete characterization of the prize structures that achieve this objective in settings with many contestants. The contestants may be ex-ante asymmetric in their...
Persistent link: https://www.econbiz.de/10012215336
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Performance‐maximizing large contests
Olszewski, Wojciech; Siegel, Ron - In: Theoretical economics : TE ; an open access journal in … 15 (2020) 1, pp. 57-88
Many sales, sports, and research contests are put in place to maximize contestants’ performance. We investigate and provide a complete characterization of the prize structures that achieve this objective in settings with many contestants. The contestants may be ex-ante asymmetric in their...
Persistent link: https://www.econbiz.de/10012159024
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Person-Organization Fit and Incentives: A Causal Test
Andersson, Ola; Huysentruyt, Marieke; Miettinen, Topi; … - 2014
We investigate the effects of organizational culture and personal value orientations on performance under individual and team contest incentives. We develop a model of regard for others and in-group favoritism predicting interaction effects between organizational culture and personal values in...
Persistent link: https://www.econbiz.de/10010504480
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Person-organization fit and incentives : a causal test
Andersson, Ola; Huysentruyt, Marieke; Miettinen, Topi; … - 2014
We investigate the effects of organizational culture and personal value orientations on performance under individual and team contest incentives. We develop a model of regard for others and in-group favoritism predicting interaction effects between organizational culture and personal values in...
Persistent link: https://www.econbiz.de/10010393276
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Person-Organization Fit and Incentives: A Causal Test
Andersson, Ola; Huysentruyt, Marieke; Miettinen, Topi; … - Institutet för Näringslivsforskning (IFN) - 2014
We investigate the effects of organizational culture and personal value orientations on performance under individual and team contest incentives. We develop a model of regard for others and in-group favoritism predicting interaction effects between organizational culture and personal values in...
Persistent link: https://www.econbiz.de/10010818327
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Bonus Pools, Limited Liability, and Tournaments
Budde, Jörg - 2007
Tournaments have been objected as resulting from ad hoc restrictions to the contracting problem which are not easily … optimality and the relation to the special case of tournaments. It emerges that for a group of identical risk-neutral agents, the …
Persistent link: https://www.econbiz.de/10010333932
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Tournaments, individualized contracts and career concerns
Koch, Alexander K.; Peyrache, Eloïc - 2005
relative performance contracts, such as rank-order tournaments, can be optimal even though the extant explanations for the …
Persistent link: https://www.econbiz.de/10010267497
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Testing canonical tournament theory: On the impact of risk, social preferences and utility structure
Sheremeta, Roman M.; Wu, Steven Y. - 2012
We use experiments to test comparative statics predictions of canonical tournament theory. Both the roles of principal and agent are populated by human subjects, allowing us to test predictions for both incentive responses and optimal tournament design. Consistent with theory, we observed an...
Persistent link: https://www.econbiz.de/10010282234
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Bonus pools, limited liability, and tournaments
Budde, Jörg - 2007
Tournaments have been objected as resulting from ad hoc restrictions to the contracting problem which are not easily … optimality and the relation to the special case of tournaments. It emerges that for a group of identical risk-neutral agents, the …
Persistent link: https://www.econbiz.de/10010343933
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Testing Canonical Tournament Theory: On the Impact of Risk, Social Preferences and Utility Structure
Sheremeta, Roman M.; Wu, Steven Y. - Institute for the Study of Labor (IZA) - 2012
We use experiments to test comparative statics predictions of canonical tournament theory. Both the roles of principal and agent are populated by human subjects, allowing us to test predictions for both incentive responses and optimal tournament design. Consistent with theory, we observed an...
Persistent link: https://www.econbiz.de/10009646321