students, this paper presents a simple model showing that free riding incentives lead to an insufficient degree of cooperation …

determinants for efficiency in credence goods markets. While theory predicts that either liability or verifiability yields … has little influence, as predicted. Seller competition drives down prices and yields maximal trade, but does not lead to …

on existing theories of competition in markets with adverse selection. …

economics. This paper explores voting on a scheme of intergroup competition, which facilitates cooperation in a social dilemma … situation. Experimental results show that the competitive scheme fosters cooperation. Competition is popular, but the electoral … outcome depends strongly on specific voting rules of institutional choice. If the majority decides, competition is almost …

After a merger, company officials face the challenge of making compensation schemes uniform and of redesigning teams … with managers from companies with different incentives, work habits and recruiting methods. In this paper, we investigate … the relationship between executive pay and performance after a merger by dissociating the respective influence of shifts …

The relationship between competition and innovation is difficult to disentangle, as exogenous variation in market …

We conduct a natural field experiment in a large retail chain to test basic predictions of tournament theory regarding … theory, we find that a more convex prize spread increases performance in the second round at the expense of first …

collect data from a field experiment where incentives are exogenously imposed, performance is monitored and individual … characteristics are observed. Students are randomly assigned to a tournament scheme that fosters competition between coupled students … which students can neither compete, nor cooperate. In line with theoretical predictions, we find that competition induces …