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Many economic, political and social environments can be described as contests in which agents exert costly efforts … while competing over the distribution of a scarce resource. These environments have been studied using Tullock contests, all …-pay auctions and rankorder tournaments. This survey provides a review of experimental research on these three canonical contests …
Persistent link: https://www.econbiz.de/10010311082
Many economic, political and social environments can be described as contests in which agents exert costly efforts … while competing over the distribution of a scarce resource. These environments have been studied using Tullock contests, all …-pay auctions and rankorder tournaments. This survey provides a review of experimental research on these three canonical contests …
Persistent link: https://www.econbiz.de/10010956218
Many economic, political and social environments can be described as contests in which agents exert costly efforts … while competing over the distribution of a scarce resource. These environments have been studied using Tullock contests, all …-pay auctions and rank-order tournaments. This survey provides a review of experimental research on these three canonical contests …
Persistent link: https://www.econbiz.de/10010575500
Many economic, political and social environments can be described as contests in which agents exert costly efforts … while competing over the distribution of a scarce resource. These environments have been studied using Tullock contests, all … canonical contests. First, we review studies investigating the basic structure of contests, including the number of players and …
Persistent link: https://www.econbiz.de/10011111456
This paper analyzes the design of innovation contests when the quality of an innovation depends on the research … suppliers. We also compare other common contests, in particular, fixed-prize tournaments and auctions. Like bonus tournaments …
Persistent link: https://www.econbiz.de/10011420558
This paper analyzes the design of innovation contests when the quality of an innovation depends on the research …
Persistent link: https://www.econbiz.de/10011420571
The literature on R&D contests implicitly assumes that contestants submit their innovation regardless of its value …
Persistent link: https://www.econbiz.de/10010333799
This paper analyzes the design of innovation contests when the quality of an innovation depends on the research … suitable contests can induce such variety. The buyer-optimal contest is a bonus tournament, where suppliers can choose only …
Persistent link: https://www.econbiz.de/10011993818
In the very popular FOX TV reality show, American Idol, the judges, who are presumably experts in evaluating singing effort, have no voting power when the field is narrowed to the top twenty-four contestants. It is only the votes of viewers that count. In the 2007 season of the show, one of the...
Persistent link: https://www.econbiz.de/10010264269
It is difficult to test the prediction that future career prospects create implicit effort incentives because researchers cannot randomly 'assign' career prospects to economic agents. To overcome this challenge, we use data from professional soccer, where employees of the same club face...
Persistent link: https://www.econbiz.de/10010457069