| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6825 |
| DP6825 Investing for the Old Age: Pensions, Children and Savings | |
| Vincenzo Galasso; Paola Profeta; Roberta Gatti | |
| 发表日期 | 2008-05-09 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | We study optimal contest design in situations where the designer can reward high performance agents with positive prizes and punish low performance agents with negative prizes. We link the optimal prize structure to the curvature of distribution of abilities in the population. In particular, we identify conditions under which, even if punishment is costly, punishing the bottom is more effective than rewarding the top in eliciting effort input. If punishment is costless, we study the optimal number of punishments in the contest. |
| 主题 | Industrial Organization |
| 关键词 | All-pay auctions Contests Order statistics Punishments |
| URL | https://cepr.org/publications/dp6825 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535654 |
| 推荐引用方式 GB/T 7714 | Vincenzo Galasso,Paola Profeta,Roberta Gatti. DP6825 Investing for the Old Age: Pensions, Children and Savings. 2008. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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