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A Comparison of Tournaments and Contracts

Green, Jerry R. - 1982

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/10012478271

Do Tournaments Have Incentive Effects?

Ehrenberg, Ronald G. - 1988

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/10012476434

On the Role of Group Size in Tournaments : Theory and Evidence from Lab and Field Experiments

List, John - 2014

Both private and public organizations constantly grapple with incentive schemes to induce maximum effort from agents. We begin with a theoretical exploration of optimal contest design, focusing on the number of competitors. Our theory reveals a critical link between the distribution of luck and...

Persistent link: https://www.econbiz.de/10012458656

The Role of Agents and Brokers in the Market for Health Insurance

Karaca-Mandic, Pinar - 2013

Health insurance markets in the United States are characterized by imperfect information, complex products, and … substantial search frictions. Insurance agents and brokers play a significant role in helping employers navigate these problems … insurance. This paper aims to fill this gap by investigating the influence of agents/brokers on health insurance decisions of …

Persistent link: https://www.econbiz.de/10012459319

Misconduct in Credence Good Markets

Brown, Jennifer - 2012

of the model using sales complaint data for exclusive and independent insurance agents. We find that exclusive insurance …

Persistent link: https://www.econbiz.de/10012460054

Collective Hold-Up

Iaryczower, Matiás; Oliveros, Santiago - National Bureau of Economic Research - 2022

We consider dynamic processes of coalition formation in which a principal bargains sequentially with a group of agents. This problem is at the core of a variety of applications in economics and politics, including a lobbyist seeking to pass a bill, an entrepreneur setting up a start-up, or a...

Persistent link: https://www.econbiz.de/10013191078

The Heterogeneous Effect of Affirmative Action on Performance

Bracha, Anat - 2018

This paper experimentally investigates the effect of gender-based affirmative action (AA) on performance in the lab, focusing on a tournament environment. The tournament is based on GRE math questions commonly used in graduate school admission, and at which women are known to perform worse on...

Persistent link: https://www.econbiz.de/10012480973

Confidence Management in Tournaments

Deng, Shanglyu - 2020

An incumbent employee competes against a new hire for bonus or promotion. The incumbent's ability is commonly known, while that of the new hire is private information. The incumbent is subject to a perceptional bias: His prior about the new hire's type differs from the true underlying...

Persistent link: https://www.econbiz.de/10012481769

The Economics of Identity and the Endogeneity of Race

Bodenhorn, Howard - 2003

Economic and social theorists have modeled race and ethnicity as a form of personal identity produced in recognition of the costliness of adopting and maintaining a specific identity. These models of racial and ethnic identity recognize that race and ethnicity is potentially endogenous because...

Persistent link: https://www.econbiz.de/10012468735

Crowdsourcing City Government : Using Tournaments to Improve Inspection Accuracy

Glaeser, Edward L. - 2016

Can open tournaments improve the quality of city services? The proliferation of big data makes it possible to use predictive analytics to better target services like hygiene inspections, but city governments rarely have the in-house talent needed for developing prediction algorithms. Cities...

Persistent link: https://www.econbiz.de/10012456550

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