analyzed by focusing on three incentive schemes that are frequently used in practice: tournaments, bonuses and piece rates. We …

analysed by focusing on three incentive schemes that are frequently used in practice: tournaments, bonuses and piece rates. We …

Tournaments are widely used in the economy to organize production and innovation. We study individual data on 2 …

-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. …

The existing literature on the comparison of tournaments and piece rates as alternative incentive schemes has focused … suffciently convex, first-best effort will be more likely implemented under piece rates than under tournaments. Moreover, if first … tournaments given suffciently convex costs. While tournaments offer a partial insurance due to their fixed prizes, piece rates may …

tournaments and piece rates as alternative incentive schemes has focused on the case of unlimited liability. However, in practice … under piece rates than under tournaments. Moreover, if first-best implementation is not achieved and workers earn positive … rents, efforts and profits will be larger for piece rates than for tournaments given sufficiently convex costs. While …