Showing 1 - 10 of 2,456
This paper analyzes two-stage rank-order tournaments. A principal decides (i) how to spread prize money across the two periods, (ii) how to weigh performance in the two periods when awarding the second-period prize, and (iii) whether to reveal performance after the first period. The information...
Persistent link: https://www.econbiz.de/10013046315
This paper analyzes intertemporal effort provision in two-stage tournaments. A principal with a fixed budget for prizes faces two risk-neutral agents. He observes noisy signals of effort in both periods. His goal is to maximize either total efforts (perfect substitutes) or the product of first-...
Persistent link: https://www.econbiz.de/10010338948
Incentives based on esteem, honor and shame are increasingly popular and easy to use due to modern surveillance … Tirole (2011) to explore the effect of esteem-based incentives and their interaction with traditional monetary incentives. We … show that esteem-based incentives can indeed lead to a loss of control by generating multiple equilibria, some of which …
Persistent link: https://www.econbiz.de/10011844573
Tournaments are widely used in the economy to organize production and innovation. We study individual data on 2,775 contestants in 755 software algorithm development contests with random assignment. The performance response to added contestants varies non-monotonically across contestants of...
Persistent link: https://www.econbiz.de/10010192352
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Persistent link: https://www.econbiz.de/10010229427
We run a field experiment to investigate whether competing in rank-order tournaments with different prize spreads affects individual performance. Our experiment involved students from an Italian University who took an intermediate exam in which one part was awarded on the basis of their relative...
Persistent link: https://www.econbiz.de/10011455813
To test and replicate the superstar effect reported by Brown (2011) we empirically study contests where a single entrant has an endogenously higher probability of winning. Unlike the previous literature, we test for the presence of the superstar effect in several different contexts. Ultimately,...
Persistent link: https://www.econbiz.de/10011647661
and team contest incentives. We develop a model of regard for others and in-group favoritism predicting interaction … lab experiment with exogenous control of both organizational culture and incentives. In line with our theoretical model we … culture is combined with individual contest incentives, prosocial subjects no longer outperform their proself counterparts …
Persistent link: https://www.econbiz.de/10010393276
) - though almost omnipresent - have so far escaped the attention of economists. They present extrinsic, non-monetary incentives …The standard principal agent model considers monetary incentives only. It is assumed that money is more efficient than … differences between monetary incentives and awards: in general, awards are cheap, lead to interpersonal relationships, are not …
Persistent link: https://www.econbiz.de/10012734634