Showing 1 - 10 of 92
A vast body of empirical studies lends support to the incentive effects of rank-order tournaments. Evidence comes from … tournaments may bias these non-experimental studies, whereas short task duration or lack of distracters may limit the external … where students selected themselves into tournaments with different prizes. Within each tournament the best performing …
Persistent link: https://www.econbiz.de/10005136509
Money managers behave strategically when competing for fund flows within relatively small groups. We study strategic interaction between two risk-averse managers in continuous time, characterizing analytically their unique equilibrium dynamic investments. Driven by chasing and contrarian...
Persistent link: https://www.econbiz.de/10009144728
obtain evidence on the effect of stronger incentives on productive and destructive effort. Using as control the behavior of … the same teams in a competition that experienced no changes in incentives, we provide differences-in-differences estimates …, and that indeed attendance suffered as a result of the incentive change. Thus, teams responded to stronger incentives, but …
Persistent link: https://www.econbiz.de/10005114301
This study explores the effect of several personal religion-related variables on social behaviour, using three paradigmatic economic games: the dictator (DG), ultimatum (UG), and trust (TG) games. A large carefully designed sample of a Spanish urban adult population (N=766) is employed. From...
Persistent link: https://www.econbiz.de/10011083371
In sport tournaments, the rules are presumably structured in a way that any team cannot be better off (e.g., to advance … of several round-robin tournaments, monotonic aggregating rules always leave open such a possibility. Then we consider …
Persistent link: https://www.econbiz.de/10011083284
composition. We present evidence from a field experiment designed to evaluate the impact of rank incentives and tournaments on the … productivity and composition of teams. Strengthening incentives, either through rankings or tournaments, makes workers more likely … incentives only reduce the productivity of teams at the bottom of the productivity distribution, and monetary prize tournaments …
Persistent link: https://www.econbiz.de/10011083724
essential for the rationalization of (efficiency-enhancing) tournaments. In this Paper we propose an alternative rationalization … of tournaments focusing on a fully informed principal whose objective is to maximize a weighted average of the …
Persistent link: https://www.econbiz.de/10005792409
We compare the performance of markets and tournaments as allocative mechanisms in an economy with borrowing constraints … higher aggregate consumption because of the waste associated with the production of signals under tournaments. When borrowing … constraints are present, however, tournaments dominate markets in terms of aggregate output and, for sufficiently powerful …
Persistent link: https://www.econbiz.de/10005656414
performance incentives, on behavior of care providers filing applications for providing long-term care services to patients. We … degree of control reduces the number of applications and that introducing performance incentives reduces this even further …
Persistent link: https://www.econbiz.de/10011272714
We explore the consequence for taxation and regulation of bonus pay when investors are protected by taxpayers from downside risk. The paper develops a model where workers in financial sector firms make decisions about effort and risk-taking which are influenced by the structure of bonus pay....
Persistent link: https://www.econbiz.de/10009246598