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Are competitors forward looking in strategic interactions? Evidence from the field
Lackner, Mario; Stracke, Rudi; Sunde, Uwe; … - 2015
particular, we test whether decision makers in multi-stage tournaments take heterogeneity induced changes of continuation values …-professional basketball tournaments, we find that effort is negatively affected by the ability of the current opponent, consistent with the …
Persistent link: https://www.econbiz.de/10011565101
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Are Competitors Forward Looking in Strategic Interactions? Evidence from the Field
Lackner, Mario; Stracke, Rudi; Sunde, Uwe; … - 2015
particular, we test whether decision makers in multi-stage tournaments take heterogeneity induced changes of continuation values …-professional basketball tournaments, we find that effort is negatively affected by the ability of the current opponent, consistent with the …
Persistent link: https://www.econbiz.de/10011420735
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Job Promotion Tournaments and Imperfect Recall
Gürtler, Oliver - 2006
In this paper, a promotion tournament is considered, where, at the beginning of the tournament, it is unknown how long the tournament lasts. Further, the promotion decision is based on the assessments of a supervisor with imperfect recall. In line with psychological research, the supervisor is...
Persistent link: https://www.econbiz.de/10010334098
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Managerial incentives and favoritism in promotion decisions: Theory and field evidence
Berger, Johannes; Herbertz, Claus; Sliwka, Dirk - 2011
This paper investigates the effects of managerial incentives on favoritism in promotion decisions. First, we theoretically show that favoritism leads to a lower quality of promotion decisions and in turn lower efforts. But the effect can be mitigated by pay-for-performance incentives for...
Persistent link: https://www.econbiz.de/10010278492
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Strategic Investment Decisions in Multi-stage Contests with Heterogeneous Players
Deutscher, Christian; Sahm, Marco; Schneemann, Sandra; … - 2019
subsequent contest if the degree of heterogeneity in the current (subsequent) contest is sufficiently large (small). We confirm … are (i) less likely to be fielded when the heterogeneity in the current match increases and (ii) more likely to receive a … fifth yellow card in the current match when the heterogeneity in the next match increases or when the heterogeneity in the …
Persistent link: https://www.econbiz.de/10012018165
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E many pluribus unum: A behavioural macro-economic agent based model
Tettamanzi, Michele - 2017
heterogeneity by considering relevant moments rather than the whole the distributions of the heterogeneous characteristics of the …
Persistent link: https://www.econbiz.de/10012059354
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Wage Structure and the Incentive Effect of Promotions
van Herpen, Marco; Cools, Kees; van Praag, Mirjam - 2004
This paper studies wage structure characteristics and their incentive effects within one firm. Based on personnel records and an employee survey, we provide evidence that wages are attached to jobs and that promotions play a dominant role as a wage determinant. We furthermore show that a...
Persistent link: https://www.econbiz.de/10010325291
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Heterogeneous Contestants and Effort Provision in Tournaments - an Empirical Investigation with Professional Sports Data
Berger, Johannes; Nieken, Petra - 2010
a highly significant negative impact of the matchup's heterogeneity on joint teame efforts. However, further analysis …
Persistent link: https://www.econbiz.de/10010333912
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Incentive Effects in Asymmetric Tournaments Empirical Evidence from the German Hockey League
Nieken, Petra; Stegh, Michael - 2010
Following tournament theory, incentives will be rather low if the contestants of a tournament are heterogeneous. We empirically test this prediction using a large dataset from the German Hockey League. Our results show that indeed the intensity of a game is lower if the teams are more...
Persistent link: https://www.econbiz.de/10010333953
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The acceptability of layoffs and pay cuts: comparing North America with Germany
Gerlach, Knut; Levine, David; Stephan, Gesine; Struck, Olaf - 2006
Substantial evidence shows that North Americans are generally more accepting of the market than Europeans and attribute market outcomes to a larger degree to effort or skill. This article discusses the perceived fairness of layoffs and pay cuts in North America and Germany. We expect North...
Persistent link: https://www.econbiz.de/10010266801