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Optimal and fair prizing in sequential round-robin tournaments : experimental evidence

Lauber, Arne; March, Christoph; Sahm, Marco - 2022

the prize structure affects the intensity, fairness, and dynamic behavior in sequential round-robin tournaments with three …

Persistent link: https://www.econbiz.de/10013185940

Round-Robin tournaments in the lab : lottery contests vs. all-pay auctions

Lauber, Arne; March, Christoph; Sahm, Marco - 2025

We conduct a laboratory experiment to compare the fairness and intensity of round-robin tournaments with three …-pay auctions, we reject the predicted difference in tournament intensity. Moreover, the reason for the reduced fairness of …

Persistent link: https://www.econbiz.de/10015203847

Contests as selection mechanisms : the impact of risk aversion

March, Christoph; Sahm, Marco - 2017

We investigate how individual risk preferences affect the likelihood of selecting the more able contestant within a two-player Tullock contest. Our theoretical model yields two main predictions: First, an increase in the risk aversion of a player worsens her odds unless she already has a...

Persistent link: https://www.econbiz.de/10011701971

Sequential round-robin tournaments with multiple prizes

Laica, Christoph; Lauber, Arne; Sahm, Marco - 2017 - This version: October 6, 2017

We examine the fairness and intensity of sequential round-robin tournaments with multiple prizes. With three symmetric …

Persistent link: https://www.econbiz.de/10011743460

Fairness in round-robin tournaments with four players and endogenous sequences

Dietz, Fabian; Sahm, Marco - 2024

We examine the effects of endogenous sequences on the fairness in round-robin tournaments with four players, multiple … show that there is no sequence which implies perfect fairness. By contrast, some endogenous sequences imply horizontal ex …-ante fairness irrespective of the prize structure. In winner-take-all tournaments, additional endogenous sequences are horizontally …

Persistent link: https://www.econbiz.de/10014631658

Efficient incentives with social preferences

Daske, Thomas; March, Christoph - 2022

This study explores mechanism design with allocation-based social preferences. Agents’ social preferences and private payoffs are all subject to asymmetric information. We assume quasi-linear utility and independent types. We show how the asymmetry of information about agents’ social...

Persistent link: https://www.econbiz.de/10013269734

The perks of being in the smaller team : incentives in overlapping contests

March, Christoph; Sahm, Marco - 2019

We investigate overlapping contests in multi-divisional organizations in which an individual's effort simultaneously determines the outcome of several contests on different hierarchical levels. We show that individuals in smaller units are advantaged in the grand (organization-wide) contest for...

Persistent link: https://www.econbiz.de/10012134718

Survival and the ergodicity of corporate profitability

Mundt, Philipp; Alfarano, Simone; Milaković, Mishael - 2020

The cross-sectional variation in corporate profitability has occupied research across fields as diverse as strategic management, industrial organization, finance, and accounting. Prior work suggests that industry affiliation as well as different forms of corporate idiosyncrasies are important...

Persistent link: https://www.econbiz.de/10012292713

Asymmetric competition, risk, and return distribution

Mundt, Philipp; Oh, Ilfan - 2019

We propose a parsimonious statistical model of firm competition where structural differences in the strength of competitive pressure and the magnitude of return fluctuations above and below the system-wide benchmark translate into a skewed Subbotin or asymmetric exponential power (AEP)...

Persistent link: https://www.econbiz.de/10011982713

Gibrat's law redux : think profitability instead of growth

Mundt, Philipp; Milaković, Mishael; Alfarano, Simone - 2014

The basic philosophy behind Gibrat’s rule of proportionate effect has been to find some common mechanism in the growth process of business firms, based on the idea that growth rates are independent of size and drawn from the same distribution. After decades of research, however, it seems fair...

Persistent link: https://www.econbiz.de/10010229886