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This paper introduces a relative performance prize scheme to best-of-N contests. We develop a theoretical model of the best-of-N contest with intermediate prizes distributed based on the players' relative performance. The model predicts that a relative performance prize scheme both increases the...
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symphonic solution that is emancipatory of all incentives to conduct unethical manipulations of financial disclosures. The …
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team tournaments. Theory predicts that free-riding is likely to occur when there are only between-team incentives, and …We examine theoretically and experimentally how combining between-team and within-team incentives affects behavior in … offering within-team incentives may solve this problem. However, if individuals collude, then within-team incentives may not be …
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This paper analyzes the case of a principal who wants to provide an agent with proper incentives to explore a … known technology to produce fake successes. This latter option either makes the provision of incentives for honesty … ability to generate further successes. This, in turn, provides incentives for the agent to be honest before a first success. …
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