Universität zu Köln

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

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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 Guertler, Marc UNSPECIFIED UNSPECIFIED UNSPECIFIED Guertler, Oliver UNSPECIFIED UNSPECIFIED UNSPECIFIED
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
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