全球智库信息集成服务系统(G2TT): On the Role of Group Size in Tournaments: Theory and Evidence from Lab and Field Experiments

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w20008
来源ID	Working Paper 20008
	On the Role of Group Size in Tournaments: Theory and Evidence from Lab and Field Experiments
	John List; Daan Van Soest; Jan Stoop; Haiwen Zhou
发表日期	2014-03-27
出版年	2014
语种	英语
摘要	Both private and public organizations constantly grapple with incentive schemes to induce maximum effort from agents. We begin with a theoretical exploration of optimal contest design, focusing on the number of competitors. Our theory reveals a critical link between the distribution of luck and the number of contestants. We find that if there is considerable (little) mass on good draws, equilibrium effort is an increasing (decreasing) function of the number of contestants. Our first test of the theory implements a laboratory experiment, where important features of the theory can be exogenously imposed. We complement our lab experiment with a field experiment, where we rely on biological models complemented by economic models to inform us of the relevant theoretical predictions. In both cases we find that the theory has a fair amount of explanatory power, allowing a deeper understanding of how to effectively design tournaments. From a methodological perspective, our study showcases the benefits of combining data from both lab and field experiments to deepen our understanding of the economic science.
主题	Econometrics ; Experimental Design ; Microeconomics ; Market Structure and Distribution ; Public Economics ; Public Goods
URL	https://www.nber.org/papers/w20008
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/577682
推荐引用方式 GB/T 7714	John List,Daan Van Soest,Jan Stoop,et al. On the Role of Group Size in Tournaments: Theory and Evidence from Lab and Field Experiments. 2014.