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-order tournaments which are frequently used in practice. Tournaments seem to be an appropriate starting point for this concept because … from emotional workers. In this case, he clearly prefers unfair to fair tournaments. Furthermore, the concept of emotions … is used to explain the puzzling findings on the oversupply of effort in experimental tournaments. …
Persistent link: https://www.econbiz.de/10010343963
-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 … research. -- Contests ; all-pay auctions ; tournaments ; experiments …
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 …
Persistent link: https://www.econbiz.de/10013100140
Costly competitions between economic agents are modeled as contests. Researchers use laboratory experiments to study contests and test comparative static predictions of contest theory. Commonly, researchers find that participants' efforts are significantly higher than predicted by the standard...
Persistent link: https://www.econbiz.de/10012910152
Group contests are ubiquitous. Some examples include warfare between countries, competition between political parties, team-incentives within firms, group sports, and rent-seeking. In order to succeed, members of the same group have incentives to cooperate with each other by expending individual...
Persistent link: https://www.econbiz.de/10013013877
This paper examines the disincentive effects of perceived underpayment on individuals? exerted effort and promotion. To … promotion, the difference between perceived and actual income has a smaller negative effect on the actual effort invested in …
Persistent link: https://www.econbiz.de/10010262812
This paper examines the disincentive effects of perceived underpayment on individuals' exerted effort and promotion. To … promotion, the difference between perceived and actual income has a smaller negative effect on the actual effort invested in …
Persistent link: https://www.econbiz.de/10011406619
We derive the optimal contract between a principal and a liquidity-constrained agent in a stochastically repeated environment. The contract comprises a court-enforceable explicit bonus rule and an implicit fixed salary promise that must be self-enforcing. Since the agent's rent increases with...
Persistent link: https://www.econbiz.de/10003850322
analyzed by focusing on three incentive schemes that are frequently used in practice: tournaments, bonuses and piece rates. We …
Persistent link: https://www.econbiz.de/10010262021
analysed by focusing on three incentive schemes that are frequently used in practice: tournaments, bonuses and piece rates. We …
Persistent link: https://www.econbiz.de/10010263111