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It is difficult to test the prediction that future career prospects create implicit effort incentives because researchers cannot randomly “assign” career prospects to economic agents. To overcome this challenge, we use data from professional soccer, where employees of the same club face...
Persistent link: https://www.econbiz.de/10011808006
It is difficult to test the prediction that future career prospects create implicit effort incentives because researchers cannot randomly “assign” career prospects to economic agents. To overcome this challenge, we use data from professional soccer, where employees of the same club face...
Persistent link: https://www.econbiz.de/10010442390
suppliers. We also compare other common contests, in particular, fixed-prize tournaments and auctions. Like bonus tournaments …This paper analyzes the design of innovation contests when the quality of an innovation depends on the research …, auctions implement the socially optimal diversity, but usually with higher rents for the suppliers. Fixed-prize tournaments …
Persistent link: https://www.econbiz.de/10011410264
This paper investigates the effects of managerial incentives on favoritism in promotion decisions. First, we theoretically show that favoritism leads to a lower quality of promotion decisions and in turn lower efforts. But the effect can be mitigated by pay-for-performance incentives for...
Persistent link: https://www.econbiz.de/10010278492
success function. Our framework includes Tullock contests, Lazear-Rosen tournaments and all-pay contests as special cases …We consider the design of contests for n agents when the principal can choose both the prize profile and the contest …
Persistent link: https://www.econbiz.de/10012223823
This paper analyzes data from a tournament, namely the National Hockey League regular scheduled season of games, which provides incentives to increase effort in order to reach the playoffs and incentives to decrease effort once a team has been eliminated from playoff considerations because of...
Persistent link: https://www.econbiz.de/10011639595
To test and replicate the superstar effect reported by Brown (2011) we empirically study contests where a single …
Persistent link: https://www.econbiz.de/10011647661
the well being of others. In this paper we examine tournaments among inequity averse agents, who dislike disadvantageous …
Persistent link: https://www.econbiz.de/10011415111
This paper studies the effect of product market competition on the compensation packages that firms offer to their executives and in particular its impact on the sensitivity of pay to performance. To measure the effect of competition we use two different identification strategies on a panel of...
Persistent link: https://www.econbiz.de/10010272722
The aim of the paper is to test two hypotheses: on one hand, the aim is to analyse if firm’s executive rewards can be explained just by the hierarchical structure of the firm (Model One) while on the other we want to study the correlation between the level of Chief Executive Officer (CEO)...
Persistent link: https://www.econbiz.de/10014173572