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 …

This paper analyzes the impact of labor market competition and skill-biased technical change on the structure of … compensation. The model combines multitasking and screening, embedded into a Hotelling-like framework. Competition for the most … talented workers leads to an escalating reliance on performance pay and other high-powered incentives, thereby shifting effort …