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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
) intensifies the competition: in particular, both top and mean realized scores increase. To tame incentives to provide excessively …
Persistent link: https://www.econbiz.de/10011914839
Persistent link: https://www.econbiz.de/10010373254
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
Updating the study by Seiler and Wohlrabe (2013) we use archetypoid analysis to classify top economists. The approach … from 776 top economists we identify four archetypoids. These types represent solid, low, top and diligent performer. Each …
Persistent link: https://www.econbiz.de/10012599140
Updating the study by Seiler and Wohlrabe (2013) we use archetypoid analysis to classify top economists. The approach … from 776 top economists we identify four archetypoids. These types represent solid, low, top and diligent performer. Each …
Persistent link: https://www.econbiz.de/10012202406
Incentives based on esteem, honor and shame are increasingly popular and easy to use due to modern surveillance … Tirole (2011) to explore the effect of esteem-based incentives and their interaction with traditional monetary incentives. We … show that esteem-based incentives can indeed lead to a loss of control by generating multiple equilibria, some of which …
Persistent link: https://www.econbiz.de/10011844573
This paper examines three related puzzles: 1) Why do US universities dominate the global rankings? 2) Within US universities, why is Harvard University usually ranked at the top? 3) While most universities take centuries to acquire a global reputation how have many US universities leapfrogged to...
Persistent link: https://www.econbiz.de/10014041068
, economics still lags many other fields. Previous research has documented gender gaps in tenure, promotion and publication, some …
Persistent link: https://www.econbiz.de/10009548188
This paper uses as source material twenty-three autobiographical essays by Nobel economists presented since 1984 at … one planned in advance but one that evolved via the marketplace for ideas. -- Nobel economists ; economic thought …
Persistent link: https://www.econbiz.de/10003799843