potentially leads to a large loss. The current paper studies how such risk-taking behavior depends on the level of competition … that the agents face. We study a tournament model and we find that more intense competition, measured by the number of …

potentially leads to a large loss. The current paper studies how such risk-taking behavior depends on the level of competition … that the agents face. We study a tournament model and we find that more intense competition, measured by the number of …

factors could improve advice quality. Besides advisor competition and identifiability, we add the possibility for clients to … make a voluntary payment, a bonus, after observing advice quality. While the combination of competition and reputation …. Thus, our results suggest that a voluntary component can act as a substitute for either competition or reputation …

collect data from a field experiment where incentives are exogenously imposed, performance is monitored and individual … characteristics are observed. Students are randomly assigned to a tournament scheme that fosters competition between coupled students … which students can neither compete, nor cooperate. In line with theoretical predictions, we find that competition induces …

economics. This paper explores voting on a scheme of intergroup competition, which facilitates cooperation in a social dilemma … situation. Experimental results show that the competitive scheme fosters cooperation. Competition is popular, but the electoral … outcome depends strongly on specific voting rules of institutional choice. If the majority decides, competition is almost …