Universität zu Köln

Dickmanns, Lisa, Gürtler, Marc and Gürtler, Oliver ORCID: 0000-0001-7792-5325 (2018). Market-based tournaments: An experimental investigation. Labour Economics, 51. 294 - 306. AMSTERDAM: Elsevier. ISSN 0927-5371

Full text not available from this repository.

Abstract

This paper examines market-based tournaments, in which firms use the tournament outcome to update their expectations about worker ability. A theoretical model offers several implications, which are unique to the market based tournament and which we test in a laboratory experiment. The experiment supports most of the implications: We find that an increase in the variance of worker ability leads to a higher wage spread and that there is a non-monotonic relationship between this variance and effort. An increase in the marginal product of ability increases effort. (C) 2018 Elsevier B.V. All rights reserved.

Item Type:	Journal Article
Creators:	Creators Email ORCID ORCID Put Code Dickmanns, Lisa UNSPECIFIED UNSPECIFIED UNSPECIFIED Gürtler, Marc UNSPECIFIED UNSPECIFIED UNSPECIFIED Gürtler, Oliver UNSPECIFIED orcid.org/0000-0001-7792-5325 UNSPECIFIED
URN:	urn:nbn:de:hbz:38-190118
DOI:	10.1016/j.labeco.2018.02.005
Journal or Publication Title:	Labour Economics
Volume:	51
Page Range:	294 - 306
Date:	2018
Publisher:	Elsevier
Place of Publication:	AMSTERDAM
ISSN:	0927-5371
Language:	English
Faculty:	Faculty of Management, Economy and Social Sciences
Divisions:	Center of Excellence C-SEB Faculty of Management, Economics and Social Sciences > Economics > Microeconomics, Institutions and markets > Professorship for Economics
Subjects:	Economics
Uncontrolled Keywords:	Keywords Language PROMOTION TOURNAMENTS; LABOR-MARKET; AFFIRMATIVE-ACTION; PERFORMANCE; INFORMATION; INCENTIVES; EFFICIENCY; MULTISTAGE; CONTRACTS; CONTESTS Multiple languages Economics Multiple languages
Refereed:	Yes
URI:	http://kups.ub.uni-koeln.de/id/eprint/19011