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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/10012460190
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/10012478271
similar numbers otherwise. In a separate survey experiment, gender-neutral language in ads increases interest and beliefs …Gendered-grammar languages like Spanish are spoken by 39% of the world's population. In a field experiment in … partnership with a Spanish-speaking online platform for technology positions, ads randomly selected to use gender-neutral language …
Persistent link: https://www.econbiz.de/10014322702
differ only in their gender. Jobs recommended uniquely to the male and female profiles in a pair differ modestly in their … more stereotypically female content than men's. Using our experimental design, we can conclude that these gender gaps are … generated primarily by content-based matching algorithms that use the worker's declared gender as a direct input. Action …
Persistent link: https://www.econbiz.de/10015056215
We consider how past, current, and future competition within an elimination tournament affect the probability that the …
Persistent link: https://www.econbiz.de/10012461018
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/10012466074
We argue that inter-jurisdictional competition in a regionally decentralized authoritarian regime distorts local … politicians' incentives in resource allocation among firms from their own city and a competing city. We develop a tournament model … presence of regional spillover and the incentive for political competition leads to biased resource allocations against the …
Persistent link: https://www.econbiz.de/10013477272
" 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/10012456975
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/10012462220
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/10012463557