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Rank-order tournaments are usually modeled simultaneously. However, real tournaments are often sequential. We show that … agents’ strategic behavior in sequential-move tournaments significantly differ from the one in simultaneous-move tournaments …
Persistent link: https://www.econbiz.de/10010263117
-pay auctions and rankorder tournaments. This survey provides a review of experimental research on these three canonical contests … contests and multi-battle contests. Then we review research on sabotage, feedback, bias, collusion, alliances, and contests … research. -- Contests ; all-pay auctions ; tournaments ; experiments …
Persistent link: https://www.econbiz.de/10009687977
-pay auctions and rank-order tournaments. This survey provides a review of experimental research on these three canonical contests … contests and multi-battle contests. Then we review research on sabotage, feedback, bias, collusion, alliances, and contests …
Persistent link: https://www.econbiz.de/10013100140
Costly competitions between economic agents are modeled as contests. Researchers use laboratory experiments to study contests and test comparative static predictions of contest theory. Commonly, researchers find that participants' efforts are significantly higher than predicted by the standard...
Persistent link: https://www.econbiz.de/10012910152
We derive the optimal contract between a principal and a liquidity-constrained agent in a stochastically repeated environment. The contract comprises a court-enforceable explicit bonus rule and an implicit fixed salary promise that must be self-enforcing. Since the agent's rent increases with...
Persistent link: https://www.econbiz.de/10003850322
-order tournaments which are frequently used in practice. Tournaments seem to be an appropriate starting point for this concept because … from emotional workers. In this case, he clearly prefers unfair to fair tournaments. Furthermore, the concept of emotions … is used to explain the puzzling findings on the oversupply of effort in experimental tournaments. …
Persistent link: https://www.econbiz.de/10010343963
Individuals who compete in a contest-like situation (for example, in sports, in promotion tournaments, or in an …
Persistent link: https://www.econbiz.de/10010267284
Individuals who compete in a contest-like situation (for example, in sports, in promotion tournaments, or in an …
Persistent link: https://www.econbiz.de/10003377751
promotion, the members in organizations can work not only to enhance their own performances, but also to "sabotage" their … opponents' performances. They find it worthwhile to engage in negative activities because promotion is based on relative, rather … chance of promotion. Finally, we discuss several institutional designs that might help to reduce the influence of negative …
Persistent link: https://www.econbiz.de/10014105907
This paper studies the "negative" activities of members in organizations. In competing for promotion, the members not … performances. They find it worthwhile to engage in negative activities because promotion is based on relative performance, and that …
Persistent link: https://www.econbiz.de/10014127222