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Prize Structure and Information in Tournaments: Experimental Evidence

Freeman, Richard B.; Gelber, Alexander M. - Volkswirtschaftliche Fakultät, … - 2008

This paper examines behavior in a tournament in which we vary the tournament prize structure and the information available about participants' skill at the task of solving mazes. The number of solved mazes is lowest when payments are independent of performance; higher when a single, large prize is...

Persistent link: https://www.econbiz.de/10005619648

The problem of the principal-agent and promotion tournaments in religious organizations: choosing the next pope

Oliveira, Livio Luiz Soares de; Neto, Giácomo Balbinotto - Volkswirtschaftliche Fakultät, … - 2013

This paper shows an application of Promotion Tournaments to religious organizations, which is appropriate, especially … suitability of the use Tournaments in religious organizations, regarding the optimal structure of contracts in order to select, as …, both with two clerics with homogeneous skills. Finally, we discuss the advantages and limitations of the Tournaments …

Persistent link: https://www.econbiz.de/10011111332

Tournaments in religious organizations with investment in religious human capital: choosing the pope

Oliveira, Livio Luiz Soares; Netto, Giácomo Balbinotto - Volkswirtschaftliche Fakultät, … - 2013

The objective of this manuscript is to explain how tournaments can be used in order to select the best candidates to …

Persistent link: https://www.econbiz.de/10011111977

Efficient Contests

Riis, Christian - Volkswirtschaftliche Fakultät, … - 2008

In their seminal contribution Lazear and Rosen (1981) show that wages based upon rank induce the same e¢ cient e¤ort as incentive-based reward schemes. They also show that this equivalence result is not robust towards heterogeneity in worker ability, as long as ability is private information,...

Persistent link: https://www.econbiz.de/10005787139

Teacher Behavior under Performance Pay Incentives

Jones, Michael D. - Volkswirtschaftliche Fakultät, … - 2012

Over the last decade many districts have implemented performance pay incentives to reward teachers for improving student test scores. Economic theory suggests that these programs could alter teacher work effort, cooperation, and retention. Because teachers can choose to work in a performance pay...

Persistent link: https://www.econbiz.de/10011258656

Entrepreneurs’ education and different variable pay schemes in Italian firms

Damiani, Mirella; Ricci, Andrea - Volkswirtschaftliche Fakultät, … - 2013

In this paper, we investigate the influence of the education of entrepreneurs, which we hypothesise to be a signal of talent, on the adoption of variable pay (VP) schemes in the Italian economy. We estimate to what extent differences in the diffusion of VP between Italian firms reflect...

Persistent link: https://www.econbiz.de/10011258891

Damiani, Mirella; Pompei, Fabrizio; Ricci, Andrea - Volkswirtschaftliche Fakultät, … - 2014

The authors analyzed the role of Performance Related Pay (PRP) in a sample of Italian manufacturing and service firms and presented standard quantile estimates to investigate heterogeneity in pay-performance impacts on labor productivity and wages. In a second stage, the endogeneity of PRP was...

Persistent link: https://www.econbiz.de/10011260591

Wages and Labour Productivity: the role of Performance-Related Pay in Italian firms

Damiani, Mirella; Pompei, Fabrizio; Ricci, Andrea - Volkswirtschaftliche Fakultät, … - 2013

This paper analyses the role of Performance Related Pay (PRP) agreements on labour productivity and wages. Its main contribution is thus to investigate the effects of PRP on both dimensions, i.e. productivity and distribution, whereas most of the studies of related literature are restricted to...

Persistent link: https://www.econbiz.de/10011260993

Cheating in the workplace: An experimental study of the impact of bonuses and productivity

Gill, David; Prowse, Victoria; Vlassopoulos, Michael - Volkswirtschaftliche Fakultät, … - 2013

We use an online real-effort experiment to investigate how bonus-based pay and worker productivity interact with workplace cheating. Firms often use bonus-based compensation plans, such as group bonuses and firm-wide profit sharing, that induce considerable uncertainty in how much workers are...

Persistent link: https://www.econbiz.de/10011261181

High Wages - An instrument inducing workers to work more?

Honekamp, Ivonne - Volkswirtschaftliche Fakultät, … - 2007

Wages and their effect on labour supply are not only an important subject for labour economists who aim at measuring substitution and income effects. Additionally, the government is interested in the impact of policy changes on the labour market and companies would like to know if it is possible...

Persistent link: https://www.econbiz.de/10005020493

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