Similar Search Results

Imhof, Lorens; Kräkel, Matthias - 2013

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...

Persistent link: https://www.econbiz.de/10010198511

Incentive schemes, private information and the double-edged role of competition for agents

Bannier, Christina E.; Feess, Eberhard; Packham, Natalie; … - 2016

This paper examines the effect of imperfect labor market competition on the efficiency of compensation schemes in a … high degrees of vertical differentiation, i.e. low competition, low-ability agents are under-incentivized and exert too … little effort. For high degrees of competition, high-ability agents are over-incentivized and bear too much risk. For a range …

Persistent link: https://www.econbiz.de/10011498942

Contests as selection mechanisms : the impact of risk aversion

March, Christoph; Sahm, Marco - 2017

We investigate how individual risk preferences affect the likelihood of selecting the more able contestant within a two-player Tullock contest. Our theoretical model yields two main predictions: First, an increase in the risk aversion of a player worsens her odds unless she already has a...

Persistent link: https://www.econbiz.de/10011700456

Contests as selection mechanisms : the impact of risk aversion

March, Christoph; Sahm, Marco - 2017

Persistent link: https://www.econbiz.de/10011701971

Male and female competitive behavior : experimental evidence

Gupta, Nabanita Datta (contributor); … - 2005

such differences are driven by different attitudes towards competition. In our experiment subjects choose between a … social norms whose nature and origin we discuss. -- competition ; tournament ; piece rate ; gender ; risk-aversion ; relative …