Journal article icon

Journal article

Turning up the heat: the discouraging effect of competition in contests

Abstract:

We study contests in which contestants are homogeneous and have convex effort costs. Increasing contest competitiveness, by making prizes more unequal, scaling up the competition, or adding new contestants, always discourages effort. These results have significant implications: although often criticized as evidence of laxity or cronyism, muting competition (e.g., adopting softer grading curves or less high-powered promotion systems) can both reduce inequality and increase output. Holding prom...

Expand abstract
Publication status:
Published
Peer review status:
Peer reviewed

Actions


Access Document


Files:
Publisher copy:
10.1086/705670

Authors


More by this author
Institution:
University of Oxford
Division:
SSD
Oxford college:
Balliol College
Role:
Author
ORCID:
0000-0003-4068-1202
Publisher:
University of Chicago Press Publisher's website
Journal:
Journal of Political Economy Journal website
Volume:
128
Issue:
5
Pages:
1940-1975
Publication date:
2020-04-15
Acceptance date:
2019-07-26
DOI:
EISSN:
1537-534X
ISSN:
0022-3808
Source identifiers:
999786
Language:
English
Keywords:
Pubs id:
pubs:999786
UUID:
uuid:41a21d62-3f66-4a2e-895f-c8d7d2842053
Local pid:
pubs:999786
Deposit date:
2019-05-21

Terms of use


Views and Downloads






If you are the owner of this record, you can report an update to it here: Report update to this record

TO TOP