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This paper investigates single and multiple prize contests as incentive mechanisms for the private provision of public goods, under the assumptions of income heterogeneity and incomplete information about income levels. We compare experimentally a one-prize contest with a three-prize contest in...
Persistent link: https://www.econbiz.de/10005685682
We explore distributive justice and perception of fairness using survey data concerning fresher and senior students of economics and sociology. We analyse the impact of context and education on their preferences over a hypothetical distribution of resources between individuals, presenting a...
Persistent link: https://www.econbiz.de/10005685705
This paper investigates single and multiple prize contests as incentive mechanisms for the private provision of public goods, under the assumptions of income heterogeneity and incomplete information about income levels. We compare experimentally a one-prize contest with a three-prize contest in...
Persistent link: https://www.econbiz.de/10005698030
We explore distributive justice and perception of fairness using survey data from freshmen and senior students of economics and sociology. We analyse the impact of context and education on their preferences over a hypothetical distribution of resources between individuals which presents a trade...
Persistent link: https://www.econbiz.de/10005369091
This article investigates fund-raising mechanisms based on a prize as a way to overcome free riding in the private provision of public goods. We focus on an environment characterised by income heterogeneity and incomplete information about income levels. Our analysis compares experimentally the...
Persistent link: https://www.econbiz.de/10008675838
This paper shows how to maximize revenue when a contest is noisy. We consider a case where two or more contestants bid for a prize in a stochastic contest with proportional probabilities, where all bidders value the prize equally. We show that by fixing the number of tickets, thus setting a...
Persistent link: https://www.econbiz.de/10008682160
In a 1-year randomized controlled trial involving thousands of university students, we provide real-time private feedback on relative performance in a semester-long online assignment. Within this setup, our experimental design cleanly identifies the behavioral response to rank incentives (i.e.,...
Persistent link: https://www.econbiz.de/10012059167
Persistent link: https://www.econbiz.de/10007744864
Persistent link: https://www.econbiz.de/10008706717
Persistent link: https://www.econbiz.de/10009800421