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relative performance contracts, such as rank-order tournaments, can be optimal even though the extant explanations for the …
Persistent link: https://www.econbiz.de/10010267497
This paper examines how professional female tennisplayers react to: i) prize incentives and ii) heterogeneity in ex ante players' abilities. It is found that a larger prize spread encourages women to increase effort, even when controlling for many tournament and player characteristics. Further...
Persistent link: https://www.econbiz.de/10010267652
Tournaments represent an increasingly important component of organizational compensation systems. While prior research … focused on fixed-prize tournaments, i.e., on tournaments where the prize or prize sum to be awarded is set in advance, we …-prize tournaments, are based on relative performance, the prize to be awarded is not set in advance but is a function of the firm …
Persistent link: https://www.econbiz.de/10010269742
We study the interaction of organizational culture and personal prosocial orientation in team work where teams compete against each other. In a computerized lab experiment with minimal group design, we prime subjects to two alternative organizational cultures emphasizing either self-enhancement...
Persistent link: https://www.econbiz.de/10010270029
We propose an incentive pay scheme for educators that links educator compensation to the ranks of their students within appropriately defined comparison sets, and we show that under certain conditions our scheme induces teachers to allocate socially optimal levels of effort to all students....
Persistent link: https://www.econbiz.de/10010271329
A vast body of empirical studies lends support to the incentive effects of rank-order tournaments. Evidence comes from … tournaments may bias these non-experimental studies, whereas short task duration or lack of distracters may limit the external … where students selected themselves into tournaments with different prizes. Within each tournament the best performing …
Persistent link: https://www.econbiz.de/10010274401
This paper investigates the effects of managerial incentives on favoritism in promotion decisions. First, we theoretically show that favoritism leads to a lower quality of promotion decisions and in turn lower efforts. But the effect can be mitigated by pay-for-performance incentives for...
Persistent link: https://www.econbiz.de/10010278492
Tournaments are often used to improve performance in innovation contexts. Tournaments provide monetary incentives but … also render teams' identity and social-image concerns salient. We study the effects of tournaments on team performance in a …
Persistent link: https://www.econbiz.de/10012657895
Tournaments are often used to improve performance in innovation contexts. Tournaments provide monetary incentives but … also render teams' identity and image concerns salient. We study the effects of tournaments on team performance in a non …
Persistent link: https://www.econbiz.de/10014467858
of workers faced with progressive taxation under tournaments and piece rates. Because of the difficulty identifying any …
Persistent link: https://www.econbiz.de/10010398279