Narrow search
Showing 1 - 10 of 1,377
Cover Image
The efficacy of tournaments for non-routine team tasks
Englmaier, Florian; Grimm, Stefan; Grothe, Dominik; … - 2021
Tournaments are often used to improve performance in innovation contexts. Tournaments provide monetary incentives but also render teams’ identity and social-image concerns salient. We study the effects of tournaments on team performance in a non-routine task and identify the importance of...
Persistent link: https://www.econbiz.de/10012597694
Cover Image
Strategic investment decisions in multi-stage contests with heterogeneous players
Deutscher, Christian; Sahm, Marco; Schneemann, Sandra; … - 2019
subsequent contest if the degree of heterogeneity in the current (subsequent) contest is sufficiently large (small). We confirm … are (i) less likely to be fielded when the heterogeneity in the current match increases and (ii) more likely to receive a … fifth yellow card in the current match when the heterogeneity in the next match increases or when the heterogeneity in the …
Persistent link: https://www.econbiz.de/10011962333
Cover Image
Motivated procrastination
Cordes, Charlotte A.; Friedrichsen, Jana; Schudy, Simeon - 2024
Procrastination is often attributed to time-inconsistent preferences but may also arise when individuals derive anticipatory utility from holding optimistic beliefs about their future effort costs. This study provides a rigorous empirical test for this notion of ‘motivated procrastination’....
Persistent link: https://www.econbiz.de/10014517966
Cover Image
Heterogeneity in rent-seeking contests with multiple stages : theory and experimental evidence
Hörtnagl, Tanja; Kerschbamer, Rudolf; Stracke, Rudi; … - 2013
This paper investigates how heterogeneity in contestants ́investment costs affects the competition intensity in a … dynamic elimination contest. Theory predicts that the absolute level of investment costs has no effect on the competition …
Persistent link: https://www.econbiz.de/10010199750
Cover Image
Decomposing the disposition effect
Maier, Johannes K.; Fischer, Dominik Simon - 2021
We theoretically show that there is a fundamental disconnect between the disposition effect, i.e., investors’ tendency to sell winning assets too early and losing assets too late, and its common empirical measure, namely a positive difference between the proportion of gains and losses...
Persistent link: https://www.econbiz.de/10012628736
Cover Image
Inflation expectations and economic preferences
Dräger, Lena; Floto, Maximilian; Schröder, Marina - 2024
We provide evidence for an expectation gap, where risk-averse as well as impatient households and experts provide significantly higher prior inflation forecasts. Using a survey randomized control trial (RCT), we can show that information about inflation forecasts closes this expectations gap....
Persistent link: https://www.econbiz.de/10015061147
Cover Image
Do firms gain from managerial overconfidence? : the role of severance pay
Graziano, Clara; Luporini, Annalisa - 2022
We analyze the effects of optimism and overconfidence when the manager's compensation package includes severance pay and the CEO has bargaining power. We find that optimism does not affect incentive pay but increases severance pay with a negative effect on profit. Overconfidence, on the...
Persistent link: https://www.econbiz.de/10013255972
Cover Image
When protection becomes exploitation : the impact of firing costs on present-biased employees
Englmaier, Florian; Fahn, Matthias; Glogowsky, Ulrich; … - 2023
Employment protection harms early-career employees without benefitting them in later career stages (Leonardi and Pica, 2013). We demonstrate that this pattern can result from employers exploiting naïve present-biased employees. Employers offer a dynamic contract with low early-career wages, an...
Persistent link: https://www.econbiz.de/10014444878
Cover Image
A general framework for studying contests
Bastani, Spencer; Giebe, Thomas; Gürtler, Oliver - 2019
We develop a general framework to study contests, containing the well-known models of Tullock (1980) and Lazear & Rosen (1981) as special cases. The contest outcome depends on players' effort and skill, the latter being subject to symmetric uncertainty. The model is tractable, because a...
Persistent link: https://www.econbiz.de/10012138813
Cover Image
A general framework for studying contests
Bastani, Spencer; Giebe, Thomas; Gürtler, Oliver - 2020
We develop a general framework to study contests, containing the well-known models of Tullock (1980) and Lazear & Rosen (1981) as special cases. The contest outcome depends on players' effort and skill, the latter being subject to symmetric uncertainty. The model is tractable, because a...
Persistent link: https://www.econbiz.de/10012434408