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Relative Performance Prizes And Dynamic Incentives In Best Of N Contests
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Book Synopsis Relative Performance Prizes and Dynamic Incentives in Best-of-N Contests by : Xiandeng Jiang
Download or read book Relative Performance Prizes and Dynamic Incentives in Best-of-N Contests written by Xiandeng Jiang and published by . This book was released on 2017 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 players' level of effort in certain conditions and decreases performance differential between the winner and the loser in the contest. Empirically, we investigate these theoretical predictions employing a natural experiment of FIVB (Fédération Internationale de Volleyball) World League and FIVB World Grand Prix. The results indicate that the introduction of a relative performance scheme induces contest participants to intensify their efforts; however, this prize scheme ultimately results in teams playing fewer sets in the match.
Book Synopsis Dynamic Incentive Effects of Relative Performance Pay by : Josse Delfgaauw
Download or read book Dynamic Incentive Effects of Relative Performance Pay written by Josse Delfgaauw and published by . This book was released on 2010 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Essays in Public Economics by : Xiandeng Jiang
Download or read book Essays in Public Economics written by Xiandeng Jiang and published by . This book was released on 2016 with total page 109 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation contains two self-contained chapters. Although each essay examines a different question and each contributes to several distinct bodies of literatures, the essays are linked by findings and implications related to public economics. The first chapter contributes to dynamic contest theory by examining the effects of a relative performance based-prize scheme on the expected effort and the final results in best-of-N contests. The second chapter investigates the relation between a sitting governor's popularity and the incumbent's tax policy choices. Chapter 1 contributes to existing literature on contest and tournament. It examines the effects of a relative performance prize scheme on participants' efforts and final results in best-of-N contests. In most best-of-N contests the winner-take-all scheme is widely used to allocate prizes. Under this scheme, the prizes are awarded only to the winning individual or group. Each participant's incentive in a round is highly related to outcomes of previous rounds. If a participant losses several early rounds and has little chance of winning the contest, he or she may no longer continue to exert effort in subsequent rounds. Chapter 1 first develops a two-player best-of-N contest model with a relative performance prize scheme under which prizes are distributed based on the participants' relative performance. The essay then contrasts this model's efficiency to the winner-take-all scheme. In a simplified best-of-three contest model it is found that the relative performance prize scheme increases the participants' expected effort level only in certain conditions; furthermore, the relative performance prize scheme lowers the expected total effort of the entire contest relative to the winner-take-all scheme. Moreover, the model suggests that, contrasted with the winner-take-all scheme, the relative performance scheme raises the expected number of sets played in contests. Empirically, the first chapter investigates these theoretical predictions using a volleyball dataset from FIVB (Federation Internationale de Volleyball) World League and FIVB World Grand Prix between 2004 and 2013. The results indicate that the relative performance prize scheme only intensifies effort exerted by the participating teams; however, it does not significantly affect final results in the contest. The second chapter contributes to the literature of political competition and the policy choices of public officials. The chapter discusses whether, and to what degree, a governor's popularity affects his or her tax policies. The model predicts that holding high levels of popularity lead a governor to tend to adopt tax policies arguably contrary to the interests of independent voters. In the empirical analysis, each governor's popularity is measured by an index that was developed for this study and based on the results of presidential and gubernatorial elections. The analysis investigates the impact of a governor's popularity on her or his tax policies between 1970 and 2010. The results support the prediction that high levels of popularity may induce governors to act contrary to the interests of voters. The chapter also finds that popular Democratic governors have more incentives to increase corporate taxes while popular Republican governors are more likely to raise sales taxes. Further analysis suggests that popular term-limited governors are more likely to increase total taxes than their counterparts who are eligible for re-election. In addition to explaining the role of popularity in incumbents' policy choices, these findings improve our understanding of the interaction between voters' behavior and the political attitude of public officials in a representative democracy. In conclusion, this dissertation examines three relevant questions in public economics. The essays not only develop comprehensive theoretical frameworks for these questions but also provide abundant supporting empirical evidence for the theoretical predictions. Addressing these questions both enhances our understanding of several contemporary real-world issues and provides theoretical and practical implications for further work linking social interests and economic policies.
Book Synopsis The Comparative Economics of Sport by : S. Szymanski
Download or read book The Comparative Economics of Sport written by S. Szymanski and published by Springer. This book was released on 2010-03-31 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: Starting with a major survey of the economics of sport, this volume involves primarily a comparison of the European and American models of sport, how to restructure leagues to make them more competitive, the analysis of gate-sharing mechanisms, the economic impact of promotion and relegation and a comparison of broadcasting regimes.
Book Synopsis Methods and Applications of Singular Perturbations by : Ferdinand Verhulst
Download or read book Methods and Applications of Singular Perturbations written by Ferdinand Verhulst and published by Springer Science & Business Media. This book was released on 2006-06-04 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contains well-chosen examples and exercises A student-friendly introduction that follows a workbook type approach
Book Synopsis Incentives and Performance by : Isabell M. Welpe
Download or read book Incentives and Performance written by Isabell M. Welpe and published by Springer. This book was released on 2014-11-07 with total page 493 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contributes to the current discussion in society, politics and higher education on innovation capacity and the financial and non-financial incentives for researchers. The expert contributions in the book deal with implementation of incentive systems at higher education institutions in order to foster innovation. On the other hand, the book also discusses the extent to which governance structures from economy can be transferred to universities and how scientific performance can be measured and evaluated. This book is essential for decision-makers in knowledge-intensive organizations and higher-educational institutions dealing with the topic of performance management.
Book Synopsis A Theory of Incentives in Procurement and Regulation by : Jean-Jacques Laffont
Download or read book A Theory of Incentives in Procurement and Regulation written by Jean-Jacques Laffont and published by MIT Press. This book was released on 1993 with total page 746 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on their work in the application of principal-agent theory to questions of regulation, Laffont and Tirole develop a synthetic approach to this field, focusing on the regulation of natural monopolies such as military contractors, utility companies and transportation authorities.
Book Synopsis Career Mobility in a Corporate Hierarchy by : James E. Rosenbaum
Download or read book Career Mobility in a Corporate Hierarchy written by James E. Rosenbaum and published by . This book was released on 1984 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Regulatory Reform by : Mark Armstrong
Download or read book Regulatory Reform written by Mark Armstrong and published by MIT Press. This book was released on 1994 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tackles the important issue of how to regulate firms with market power.
Book Synopsis Multidisciplinary Approaches to Mitigating Fisheries Bycatch by : Rebecca Lent
Download or read book Multidisciplinary Approaches to Mitigating Fisheries Bycatch written by Rebecca Lent and published by Frontiers Media SA. This book was released on 2022-04-29 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Contest Theory written by Milan Vojnović and published by Cambridge University Press. This book was released on 2016-02-04 with total page 737 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contests are prevalent in many areas, including sports, rent seeking, patent races, innovation inducement, labor markets, scientific projects, crowdsourcing and other online services, and allocation of computer system resources. This book provides unified, comprehensive coverage of contest theory as developed in economics, computer science, and statistics, with a focus on online services applications, allowing professionals, researchers and students to learn about the underlying theoretical principles and to test them in practice. The book sets contest design in a game-theoretic framework that can be used to model a wide-range of problems and efficiency measures such as total and individual output and social welfare, and offers insight into how the structure of prizes relates to desired contest design objectives. Methods for rating the skills and ranking of players are presented, as are proportional allocation and similar allocation mechanisms, simultaneous contests, sharing utility of productive activities, sequential contests, and tournaments.
Book Synopsis The Cambridge Handbook of Motivation and Learning by : K. Ann Renninger
Download or read book The Cambridge Handbook of Motivation and Learning written by K. Ann Renninger and published by Cambridge University Press. This book was released on 2019-02-14 with total page 1172 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by leading researchers in educational and social psychology, learning science, and neuroscience, this edited volume is suitable for a wide-academic readership. It gives definitions of key terms related to motivation and learning alongside developed explanations of significant findings in the field. It also presents cohesive descriptions concerning how motivation relates to learning, and produces a novel and insightful combination of issues and findings from studies of motivation and/or learning across the authors' collective range of scientific fields. The authors provide a variety of perspectives on motivational constructs and their measurement, which can be used by multiple and distinct scientific communities, both basic and applied.
Book Synopsis Selecting and Ordering Populations by : Jean Dickinson Gibbons
Download or read book Selecting and Ordering Populations written by Jean Dickinson Gibbons and published by SIAM. This book was released on 1999-01-01 with total page 589 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides a compendium of applied aspects of ordering and selection procedures.
Book Synopsis The Handbook of Behavior Change by : Martin S. Hagger
Download or read book The Handbook of Behavior Change written by Martin S. Hagger and published by Cambridge University Press. This book was released on 2020-07-15 with total page 730 pages. Available in PDF, EPUB and Kindle. Book excerpt: Social problems in many domains, including health, education, social relationships, and the workplace, have their origins in human behavior. The documented links between behavior and social problems have compelled governments and organizations to prioritize and mobilize efforts to develop effective, evidence-based means to promote adaptive behavior change. In recognition of this impetus, The Handbook of Behavior Change provides comprehensive coverage of contemporary theory, research, and practice on behavior change. It summarizes current evidence-based approaches to behavior change in chapters authored by leading theorists, researchers, and practitioners from multiple disciplines, including psychology, sociology, behavioral science, economics, philosophy, and implementation science. It is the go-to resource for researchers, students, practitioners, and policy makers looking for current knowledge on behavior change and guidance on how to develop effective interventions to change behavior.
Download or read book Ask a Manager written by Alison Green and published by Ballantine Books. This book was released on 2018-05-01 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the creator of the popular website Ask a Manager and New York’s work-advice columnist comes a witty, practical guide to 200 difficult professional conversations—featuring all-new advice! There’s a reason Alison Green has been called “the Dear Abby of the work world.” Ten years as a workplace-advice columnist have taught her that people avoid awkward conversations in the office because they simply don’t know what to say. Thankfully, Green does—and in this incredibly helpful book, she tackles the tough discussions you may need to have during your career. You’ll learn what to say when • coworkers push their work on you—then take credit for it • you accidentally trash-talk someone in an email then hit “reply all” • you’re being micromanaged—or not being managed at all • you catch a colleague in a lie • your boss seems unhappy with your work • your cubemate’s loud speakerphone is making you homicidal • you got drunk at the holiday party Praise for Ask a Manager “A must-read for anyone who works . . . [Alison Green’s] advice boils down to the idea that you should be professional (even when others are not) and that communicating in a straightforward manner with candor and kindness will get you far, no matter where you work.”—Booklist (starred review) “The author’s friendly, warm, no-nonsense writing is a pleasure to read, and her advice can be widely applied to relationships in all areas of readers’ lives. Ideal for anyone new to the job market or new to management, or anyone hoping to improve their work experience.”—Library Journal (starred review) “I am a huge fan of Alison Green’s Ask a Manager column. This book is even better. It teaches us how to deal with many of the most vexing big and little problems in our workplaces—and to do so with grace, confidence, and a sense of humor.”—Robert Sutton, Stanford professor and author of The No Asshole Rule and The Asshole Survival Guide “Ask a Manager is the ultimate playbook for navigating the traditional workforce in a diplomatic but firm way.”—Erin Lowry, author of Broke Millennial: Stop Scraping By and Get Your Financial Life Together
Book Synopsis The Handbook of the Economics of Corporate Governance by : Benjamin Hermalin
Download or read book The Handbook of the Economics of Corporate Governance written by Benjamin Hermalin and published by Elsevier. This book was released on 2017-09-18 with total page 762 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Handbook of the Economics of Corporate Governance, Volume One, covers all issues important to economists. It is organized around fundamental principles, whereas multidisciplinary books on corporate governance often concentrate on specific topics. Specific topics include Relevant Theory and Methods, Organizational Economic Models as They Pertain to Governance, Managerial Career Concerns, Assessment & Monitoring, and Signal Jamming, The Institutions and Practice of Governance, The Law and Economics of Governance, Takeovers, Buyouts, and the Market for Control, Executive Compensation, Dominant Shareholders, and more. Providing excellent overviews and summaries of extant research, this book presents advanced students in graduate programs with details and perspectives that other books overlook. - Concentrates on underlying principles that change little, even as the empirical literature moves on - Helps readers see corporate governance systems as interrelated or even intertwined external (country-level) and internal (firm-level) forces - Reviews the methodological tools of the field (theory and empirical), the most relevant models, and the field's substantive findings, all of which help point the way forward
Book Synopsis Topics on Tournaments by : John W. Moon
Download or read book Topics on Tournaments written by John W. Moon and published by Createspace Independent Publishing Platform. This book was released on 2017-06-03 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: Topics on Tournaments by John W. Moon
