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Persistent link: https://www.econbiz.de/10011569200
, the bulk of the research addresses competition with others and excludes other economically relevant competition that may … contribute to the gender pay gap. In this paper, we ask: How does gender affect how individuals react to competition against … women select into intrapersonal competition at significantly higher rates than interpersonal competition, the first such …
Persistent link: https://www.econbiz.de/10011631427
This paper analyzes the design of innovation contests when the quality of an innovation depends on the research approach of the supplier, but the best approach is unknown. Diversity of approaches is desirable because it generates an option value. In our main model with two suppliers, the buyer...
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We examine the fairness and intensity of sequential round-robin tournaments with multiple prizes. With three symmetric players and two prizes, the tournament is completely fair if and only if the second prize is valued half of the first prize, regardless of whether matches are organized as...
Persistent link: https://www.econbiz.de/10011743460
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Optimal rank-order tournaments have traditionally been studied using a first-order approach. The present analysis relies instead on the construction of an "upper envelope" over all incentive compatibility conditions. It turns out that the first-order approach is not innocuous. For example, in...
Persistent link: https://www.econbiz.de/10011389552
In a crowdsourcing contest, innovation is outsourced by a firm to an open crowd that competes in generating innovative solutions. Given that the projects typically consist of multiple attributes, how should the firm optimally design a crowdsourcing contest for such a project? We consider two...
Persistent link: https://www.econbiz.de/10011646371
Optimal rank-order tournaments have traditionally been studied using a first-order approach. The present analysis relies instead on the construction of an "upper envelope" over all incentive compatibility conditions. lt turns out that the first-order approach is not innocuous. For example, in...
Persistent link: https://www.econbiz.de/10010459847
Persistent link: https://www.econbiz.de/10012172857