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Papers in contest design often find a trade-off between incentive and selection. We show that it is possible to improve contest performance in both dimensions as long as the losers can proceed to the next stage and the winners have their cost of effort reduced. We also found that the comparison...
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Rankings are prevalent information and incentive tools in labor markets with strong competition for talent. In a …
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incentives and effort provision. To examine this issue, we design three experiments where subjects participate in two-player real …-effort tournaments with two prizes. Experiment 1 shows that subjects exert high effort even if there are no monetary incentives …, suggesting that non-monetary incentives are contributing to their effort choices. Moreover, increasing monetary incentives does …
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Monetary systems are elementary social institutions but have rarely been studied by contemporary political philosophers. The burgeoning economic literature on monetary systems, on the other hand, is hardly ever informed by philosophical considerations. This article provides a step towards...
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The average worker in the US needs to work more than a year to earn his or her CEO's daily wage. The well-accepted justification among economists for these huge wage gaps is the necessity to achieve economic efficiency, in terms of efficient allocation in the labor market and incentivizing...
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monetary incentives. We use a unique data set containing information on digital labor flows from a major global online labor … of econometric identification: a depreciation of a country's currency against the U.S. dollar increases the incentives of … model, we find that monetary incentives induced by depreciations of foreign currencies against the U.S. dollar are …
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