Dickmanns, Lisa, Guertler, Marc and Guertler, Oliver (2018). Market-based tournaments: An experimental investigation. Labour Econ., 51. S. 294 - 307. AMSTERDAM: ELSEVIER SCIENCE BV. ISSN 1879-1034
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: |
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URN: | urn:nbn:de:hbz:38-190118 | ||||||||||||||||
DOI: | 10.1016/j.labeco.2018.02.005 | ||||||||||||||||
Journal or Publication Title: | Labour Econ. | ||||||||||||||||
Volume: | 51 | ||||||||||||||||
Page Range: | S. 294 - 307 | ||||||||||||||||
Date: | 2018 | ||||||||||||||||
Publisher: | ELSEVIER SCIENCE BV | ||||||||||||||||
Place of Publication: | AMSTERDAM | ||||||||||||||||
ISSN: | 1879-1034 | ||||||||||||||||
Language: | English | ||||||||||||||||
Faculty: | Unspecified | ||||||||||||||||
Divisions: | Unspecified | ||||||||||||||||
Subjects: | no entry | ||||||||||||||||
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Refereed: | Yes | ||||||||||||||||
URI: | http://kups.ub.uni-koeln.de/id/eprint/19011 |
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