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A standard result in contests is that a higher-ability player has a higher probability of winning the prize than a lower-ability player. Put differently, a stronger player has an advantage over a weaker player in a contest. There are very few exceptions to this standard result. I consider a...
Persistent link: https://www.econbiz.de/10012669006
This articles investigates the recent trends in co-authorship in economics. Using data from more than 700.000 journal …
Persistent link: https://www.econbiz.de/10011309542
Economic research shows that candidates have a higher chance of getting (re-)elected when they have the luck that the world economy does well even though this is beyond their control and unrelated to their competence. Psychological research demonstrates that candidates increase their chances if...
Persistent link: https://www.econbiz.de/10010370176
matter of course that economics should become a natural science. Such a characterization misses an essential aspect of a …
Persistent link: https://www.econbiz.de/10011700543
Persistent link: https://www.econbiz.de/10003496505
This paper presents a formal theory of reciprocity. Reciprocity means that people reward kind actions and punish unkind ones. The theory takes into account that people evaluate the kindness of an action not only by its consequences but also by the intention underlying this action. The theory...
Persistent link: https://www.econbiz.de/10011398368
Using data from the US automobile market, we empirically examine the link between competition and innovation … interesting market to examine the link between competition and innovation. We use firm-level time-series data over a long horizon … relationship is reasonably non-linear; (2) higher market-wide competition results in an increase in patenting, and the relationship …
Persistent link: https://www.econbiz.de/10011342391
This study experimentally investigates gender quotas in light of peer review. We investigate competitions with and without gender quotas and a peer review process that allows for sabotage. Our findings show that the possibility of peer sabotage renders the gender quota ineffective in encouraging...
Persistent link: https://www.econbiz.de/10011343764
Team production is a frequent feature of modern organizations. Combined with team incentives, team production can create externalities among workers, since their utility upon accepting a contract depends on their team's performance and therefore on their colleagues' productivity. We study the...
Persistent link: https://www.econbiz.de/10010245995
of winning and losing in a competition on the willingness to seek further challenges. Participants in a lab experiment … compete in two-person tournaments and are then informed of their score and the outcome of the competition. Conditional on the …
Persistent link: https://www.econbiz.de/10010383874