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This paper studies sabotage in tournaments with at least three contestants, where the contestants know each other well …. Every contestant has an incentive to direct sabotage specifically against his most dangerous rival. In equilibrium … victims of mobbing are sometimes found to be overachieving. Further, sabotage equalizes promotion chances. The effect is most …
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suppliers. We also compare other common contests, in particular, fixed-prize tournaments and auctions. Like bonus tournaments …, auctions implement the socially optimal diversity, but usually with higher rents for the suppliers. Fixed-prize tournaments …
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This paper analyzes the design of innovation contests when the quality of an innovation depends on the research approach of the supplier, but the best approach is unknown. Diversity of approaches is beneficial because of the resulting option value. An auction induces the social optimum, while a...
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-pay auctions and rankorder tournaments. This survey provides a review of experimental research on these three canonical contests … contests and multi-battle contests. Then we review research on sabotage, feedback, bias, collusion, alliances, and contests … legal systems, political competition, war, conflict avoidance, sales, and charities, and suggest directions for future …
Persistent link: https://www.econbiz.de/10009687977
-pay auctions and rank-order tournaments. This survey provides a review of experimental research on these three canonical contests … contests and multi-battle contests. Then we review research on sabotage, feedback, bias, collusion, alliances, and contests … legal systems, political competition, war, conflict avoidance, sales, and charities, and suggest directions for future …
Persistent link: https://www.econbiz.de/10013100140
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