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This paper introduces a relative performance prize scheme to best-of-N contests. We develop a theoretical model of the best-of-N contest with intermediate prizes distributed based on the players' relative performance. The model predicts that a relative performance prize scheme both increases the...
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: simplicity. In this paper we propose an extension in which competition ensues in several dimensions and a competitor that wins a …
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It is difficult to test the prediction that future career prospects create implicit effort incentives because …
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It is difficult to test the prediction that future career prospects create implicit effort incentives because …
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