When higher prizes lead to lower efforts—The impact of favoritism in tournaments

We investigate the relationship between tournament prices and effort choices in the presence of favoritism. High tournament prizes can decrease agents’ effort supply when the choice of the winner is not perfectly objective but affected to some extent by personal preferences of an evaluator. •We stud...

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Bibliographic details
Volume: 120
Main Author: Herbertz, Claus
Sliwka, Dirk
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: LAUSANNE Elsevier B.V 01.08.2013
ELSEVIER SCIENCE SA
published in: Economics letters Vol. 120; no. 2; pp. 188 - 191
Data of publication: August 2013
ISSN: 0165-1765
1873-7374
EISSN: 1873-7374
Discipline: Economics
Subjects:
J71
M51
J33
M52
M54
Online Access: available in Bonn?
Database: Social Sciences Citation Index
Web of Knowledge
Web of Science - Social Sciences Citation Index - 2013
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