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Intertemporal effort provision in sequential tournaments : conference paper
Klein, Arnd Heinrich; Schmutzler, Armin - 2013
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
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Grind or gamble? : an experimental analysis of effort and spread seeking in contests
Andersson, Ola; Holm, Håkan J.; Wengström, Erik - 2017
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
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Intellectual property rights and the evolution of scientific journals as knowledge platforms
Fehder, Daniel C.; Murray, Fiona; Stern, Scott - In: International Journal of Industrial Organization 36 (2014) C, pp. 83-94
downstream demand for knowledge that is initially disclosed through scientific publication in fields where research is generated … and utilized across different institutional settings (i.e., academia versus industry). For scientific discoveries with … knowledge disclosed in a given scientific journal. This paper evaluates the relationship between scientific journal publication …
Persistent link: https://www.econbiz.de/10011051618
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On esteem-based incentives
Mazyaki, Ali; Weele, Joël J. van der - 2018
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
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Designing dynamic research contests
Benkert, Jean-Michel; Letina, Igor - 2016
This paper considers the optimal design of dynamic research contests when the buyer can set time-dependent prizes. We derive the buyer-optimal contest and show that it entails an increasing prize schedule. Remarkably, this allows the buyer to implement a global stopping rule. In particular, the...
Persistent link: https://www.econbiz.de/10011538596
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Performance responses to competition across skill-levels in rank order tournaments : field evidence and implications for tournament design
Boudreau, Kevin J.; Helfat, Constance E.; Lakhani, Karim R. - 2013
Tournaments are widely used in the economy to organize production and innovation. We study individual data on 2,775 contestants in 755 software algorithm development contests with random assignment. The performance response to added contestants varies non-monotonically across contestants of...
Persistent link: https://www.econbiz.de/10010192352
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Economists Owe Ecology an Apology
Zetland, David - 2013
This apology is neither a wholesale rejection of economic thought and perspective nor an admission of error in our understanding of ecological values or human impacts on the environment. Life is complex. It's an apology for the unintended damage that's resulted from misapplying economic ideas:...
Persistent link: https://www.econbiz.de/10013085457
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Differential performance in high vs. low stakes tests : evidence from the GRE test
Schlosser, Analia; Neeman, Zvika; Attali, Yigal - 2019
We study how different demographic groups respond to incentives by comparing their performance in "high" and "low …
Persistent link: https://www.econbiz.de/10011996241
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Measuring the sorting and incentive effects of tournament prizes
Davies, Tim; Stoian, Adrian - In: The American economist : journal of Omnicron Delta … 59 (2014) 2, pp. 153-166
Persistent link: https://www.econbiz.de/10011283966
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Complacency and giving up across repeated tournaments : evidence from the field
Berger, Leslie; Klassen, Kenneth J.; Libby, Theresa; … - In: Journal of management accounting research : JMAR 25 (2013), pp. 143-167
Persistent link: https://www.econbiz.de/10010229427