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economists on the patterns of their citations. We rely on a sample of 428 papers written by 16 well known economists who died …
Persistent link: https://www.econbiz.de/10012772315
Over the past decade there has been a decline in the fraction of papers in top economics journals written by economists …
Persistent link: https://www.econbiz.de/10012776461
We study the role of gender in the evaluation of economic research using submissions to four leading journals. We find …
Persistent link: https://www.econbiz.de/10012868347
Much attention has been devoted to studying models of tournaments or situations in which an individual's payment depends only on his output or rank, relative to other competitors. Such models are of more than academic Interest as they may well describe the compensation structures applicable to...
Persistent link: https://www.econbiz.de/10013239367
provision of incentives to corporate scientists, in an environment where (1) scientists engage in multiple activities when …-monetary incentives; and (4) firms compete on the product market. We show that both the degree of knowledge spillovers and of market … competition affect the incentives given to scientists, and these effects interact. First, high knowledge spillovers lead firms to …
Persistent link: https://www.econbiz.de/10013125567
Can patent protection and product market competition complement each other in enhancing incentives to innovate? In this …
Persistent link: https://www.econbiz.de/10013064451
By reducing the threat of a hostile takeover, business combination (BC) laws weaken corporate governance and increase the opportunity for managerial slack. Consistent with the notion that competition mitigates managerial slack, we find that while firms in non-competitive industries experience a...
Persistent link: https://www.econbiz.de/10012757546
We construct a fully specified extensive form game that captures competitive markets with adverse selection. In particular, it allows firms to offer any finite set of contracts, so that cross-subsidization is not ruled out. Moreover, firms can withdraw from the market after initial contract...
Persistent link: https://www.econbiz.de/10013099130
Tournaments, reward structures based on rank order, are compared with individual contracts in a model with one risk-neutral principal and many risk-averse agents. Each agents' output is a stochastic function of his effort level plus an additive shock term that is common to all the agents. The...
Persistent link: https://www.econbiz.de/10013232756
We consider how past, current, and future competition within an elimination tournament affect the probability that the stronger player wins. We present a two-stage model that yields the following main results: (1) a shadow effect--the stronger the expected future competitor, the lower the...
Persistent link: https://www.econbiz.de/10013037448