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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
absence of a common shock, using optimal independent contracts dominates using the optimal tournament. Conversely, if the … distribution of the common shock is sufficiently diffuse, using the optimal tournament dominates using optimal independent … but uses the optimal tournament, does as well as one who can observe the shock and uses independent contracts …
Persistent link: https://www.econbiz.de/10013232756
We consider how past, current, and future competition within an elimination tournament affect the probability that the …
Persistent link: https://www.econbiz.de/10013037448
success in the tournament. Finally, we find that cheating/fudging on the experiment responds to the level of inequality and …This paper examines performance in a tournament setting with different levels of inequality in rewards and different … provision of information about individual's skill at the task prior to the tournament. We find that that total tournament output …
Persistent link: https://www.econbiz.de/10012767237
first period. However, the male advantage is not found in any subsequent period of competition, or even after a two …-week break from competition. Some evidence suggests that males may actually perform worse than females in later periods. The … analysis considers various experimental treatments and finds that the existence of gender differences depends crucially on the …
Persistent link: https://www.econbiz.de/10013137312
The high and rising household savings rate in China is not easily reconciled with the traditional explanations that emphasize life cycle factors, the precautionary saving motive, financial development, or habit formation. This paper proposes a new competitive saving motive: As the sex ratio...
Persistent link: https://www.econbiz.de/10013152435
Many technology companies struggle to fill all their positions and to achieve gender parity in their ranks. One … explanation for gender disparities is the possibility that men and women differ in their willingness to work under competitive … experiment in which 97,696 U.S. university-educated individuals were given the opportunity to join a tech-related product …
Persistent link: https://www.econbiz.de/10013297484
” individuals earn 9% more than their less competitive counterparts do. Moreover, gender differences in taste for competition …Using an incentivized measure of test for competition, this paper investigates whether this taste explains subsequent … gender differences in earnings and industry choice in a sample of high-ability MBA graduates. We find that “competitive …
Persistent link: https://www.econbiz.de/10013012390
We aim to quantify the role of social networks in job-related migration. With over 130 million rural labors migrating to the city each year, China is experiencing the largest internal migration in the human history. Using instrumental variables in the 2006 China Agricultural Census, we find that...
Persistent link: https://www.econbiz.de/10013148663
explanation using evidence from a field experiment. In a door-to-door solicitation, men and women are equally generous, but women …
Persistent link: https://www.econbiz.de/10013087452