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competition affect agents' performance? In a real-effort laboratory experiment, we study a one-time increase in incentives in a …
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, we conducted a tennis field experiment. In the experiment, we also varied the payment schemes (individual, team …, competition) to control for moderating effects of different incentives. Team incentives, risk taking, and self-esteem reduced … performance whereas a preference towards competition enhanced it. On average, we observe a second mover advantage. However …
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these in a controlled laboratory experiment. …
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We introduce a concept of emotions that emerge when workers compare their own performance with the performances of co-workers. Assuming heterogeneity among the workers the interplay of emotions and incentives is analyzed within the framework of rank-order tournaments which are frequently used in...
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