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This paper provides existence and characterization of the optimal contest success function under the condition that the objective of the contest designer is total effort maximization among n heterogeneous players. Heterogeneity of players makes active participation of a player in equilibrium...
Persistent link: https://www.econbiz.de/10013157192
This paper provides existence and characterization of the optimal contest success function under the condition that the objective of the contest designer is total effort maximization among n heterogeneous players. Heterogeneity of players makes active participation of a player in equilibrium...
Persistent link: https://www.econbiz.de/10014202462
We study tournaments where winning a rank-dependent prize requires passing a reserve---a minimum performance standard. Agents' performance is determined by effort and noise. For log-concave noise distributions the optimal reserve is at the modal performance, and the optimal prize scheme is...
Persistent link: https://www.econbiz.de/10013294504
participate in winner-take-all competitions. To entice them and maximize performance, the organizer promises a softer competition …
Persistent link: https://www.econbiz.de/10013296040
Persistent link: https://www.econbiz.de/10003473917
This article analyzes top-level basketball competitions and measures the effect of superstar presence on effort provision in rank-order tournaments. I extend the previous literature to team competitions for male and female teams, as well as different institutional settings over a long period of...
Persistent link: https://www.econbiz.de/10011570793
Explicit and implicit incentives and opportunities for mutually beneficial voluntary cooperation co-exist in many … crowding out of voluntary cooperation even after incentives have been abolished. This crowding out occurs also in repeated …-effort relationships. Our systematic analysis also replicates established results on gift exchange, incentives, and crowding out of …
Persistent link: https://www.econbiz.de/10014529308
Explicit and implicit incentives and opportunities for mutually beneficial voluntary cooperation co-exist in many … crowding out of voluntary cooperation even after incentives have been abolished. This crowding out occurs also in repeated …-effort relationships. Our systematic analysis also replicates established results on gift exchange, incentives, and crowding out of …
Persistent link: https://www.econbiz.de/10014502768
Within-group communication in competitive coordination games has been shown to increase competition between groups and … communication, it leads to more aggressive competition and lower efficiency relative to the case when neither group can communicate …
Persistent link: https://www.econbiz.de/10012970700
competition and lower efficiency. We report an experiment in which two groups compete in a weakest-link contest by expending … both groups leads to even more aggressive competition and the lowest payoffs to both groups. Despite such a “harmful …
Persistent link: https://www.econbiz.de/10013029381