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This experiment compares the performance of two contest designs: a standard winner-take-all tournament with a single …
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from each contest in a laboratory experiment. Equilibrium and observed efforts are highest in winner-take-all contests …
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stimulate effort. Through a real-effort artefactual field experiment with factory workers and university students as a …
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A standard tournament contract specifies only tournament prizes. If agents' performance is measured on a cardinal scale, the principal can complement the tournament contract by a gap which defines the minimum distance by which the best performing agent must beat the second best to receive the...
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