engaging in the activity causes others to offer larger rewards. Our theory yields the testable prediction that such effects are …

engaging in the activity causes others to offer larger rewards. Our theory yields the testable prediction that such effects are …

incentive to abstain from expending any effort and instead free-ride on the efforts of other members. Contest theory shows that … relative to the theory. We discuss potential explanations for such over-expenditure, including the utility of winning, bounded … support for the comparative statics predictions of the theory (with the exception of the “group size paradox”). Finally …

laboratory experiments. Besides having inspired theory-building, the integration of behavioural economics into personnel …