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This paper introduces a relative performance prize scheme to best-of-N contests. We develop a theoretical model of the best-of-N contest with intermediate prizes distributed based on the players' relative performance. The model predicts that a relative performance prize scheme both increases the...
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It is difficult to test the prediction that future career prospects create implicit effort incentives because …
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It is difficult to test the prediction that future career prospects create implicit effort incentives because …
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provides incentives to increase effort in order to reach the playoffs and incentives to decrease effort once a team has been … incentives - they win more games when there is still a chance to reach the playoffs and lose more after being eliminated from …
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