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Optimal Effort Incentives in Dynamic Tournaments
Klein, Arnd - 2014
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
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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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The distribution of talent across contests
Azmat, Ghazala; Möller, Marc - 2016
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
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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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Die Up-or-out-Regel
Dilger, Alexander - 2021
Die Up-or-out-Regel besagt, dass Assistenten in Partnerschaften (oder auch Universitäten) nach einer gewissen Zeit zu Partnern aufsteigen oder die Partnerschaft verlassen müssen. Eine dauerhafte Assistententätigkeit ist nicht möglich. Dies wirft die Frage auf, warum nicht Assistent bleiben...
Persistent link: https://www.econbiz.de/10012583817
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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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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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The Economics of Ronald Coase
Veljanovski, Cento - 2020
Ronald Coase (1910-2013), who sadly died at the remarkable age of 102, made significant contributions to economics based on common sense and the detailed study of his topics. Coase was awarded the Nobel Prize in Economic Sciences in 1991 “for his discovery and clarification of the significance...
Persistent link: https://www.econbiz.de/10014152719
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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