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We study individual demand for COVID-19 antibody tests in an incentivized study on a representative sample of the US population. Almost 2,000 participants trade off obtaining an athome test kit against money. At prices close to zero, 80 percent of individuals want the test. However, this broad...
Persistent link: https://www.econbiz.de/10013332299
Contests are well-established mechanisms for political lobbying, innovation, rentseeking, incentivizing workers, and advancing R&D. A well-known theoretical result in the contest literature is that greater heterogeneity decreases investments of contestants because of the "discouragement effect."...
Persistent link: https://www.econbiz.de/10012426931