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; publication ; journals ; incentives ; economic methodology …Academic economists today are caught in a "Publication Impossibility Theorem Systemʺ or PITS. To further their careers … in such journals. Such academic competition is held to provide the right incentives for hard work, but there may be …
Persistent link: https://www.econbiz.de/10003820656
Academic economists today are caught in a quot;Publication Impossibility Theorem Systemquot; or PITS. To further their … careers, they are required to publish in A-journals, but for the vast majority this is impossible because there are few slots … open in such journals. Such academic competition maybe useful to generate hard work, however, there may be serious negative …
Persistent link: https://www.econbiz.de/10012718793
Academic economists today are caught in a "Publication Impossibility Theorem System" or PITS. To further their careers … in such journals. Such academic competition is held to provide the right incentives for hard work, but there may be …, they are required to publish in A-journals, but this is impossible for the vast majority because there are few slots open …
Persistent link: https://www.econbiz.de/10013316386
Persistent link: https://www.econbiz.de/10003907645
Persistent link: https://www.econbiz.de/10003873763
This paper analyzes two-stage rank-order tournaments. A principal decides (i) how to spread prize money across the two periods, (ii) how to weigh performance in the two periods when awarding the second-period prize, and (iii) whether to reveal performance after the first period. The information...
Persistent link: https://www.econbiz.de/10013046315
This paper analyzes intertemporal effort provision in two-stage tournaments. A principal with a fixed budget for prizes faces two risk-neutral agents. He observes noisy signals of effort in both periods. His goal is to maximize either total efforts (perfect substitutes) or the product of first-...
Persistent link: https://www.econbiz.de/10010338948
Persistent link: https://www.econbiz.de/10010373254
Do the contests with the largest prizes attract the most-able contestants? To what extent do contestants avoid competition? In this paper, we show, theoretically and empirically, that the distribution of abilities plays a crucial role in determining contest choice. Complete sorting exists only...
Persistent link: https://www.econbiz.de/10011446156
We conduct a contest experiment where participants can invest in increasing both the mean and the spread of an uncertain performance variable. Subjects are treated with different prize schemes and in accordance with theory we observe substantial investments in spread. We find that both types of...
Persistent link: https://www.econbiz.de/10011586585