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Tournaments are commonly used in the workplace to determine promotion, assign bonuses, and motivate personal development. Tournament-based contracts can be very effective in eliciting high effort, often outperforming other compensation contracts, but they can also have negative consequences for...
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The emergence of competition is a defining aspect of human nature and characterizes many important social environments …
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The emergence of competition is a defining aspect of human nature and characterizes many important social environments …
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The emergence of competition is a defining aspect of human nature and characterizes many important social environments …
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Tournaments are widely used in the economy to organize production and innovation. We study individual data on 2,775 contestants in 755 software algorithm development contests with random assignment. The performance response to added contestants varies non-monotonically across contestants of...
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