IDEAS home Printed from https://ideas.repec.org/a/sae/amerec/v59y2014i2p153-166.html

Measuring The Sorting and Incentive Effects of Tournament Prizes

Author

Listed:
  • Tim Davies
  • Adrian Stoian

Abstract

Prizes and ability influence both choices of tournaments and effort exerted during a tournament. The number of participants close in ability to an individual also impacts his effort. These are two of the novelties of our model with which we quantify the sorting and incentive effects of tournament prizes using unique data of road running race results. We show that the sorting and incentive effects are inter-related and that the impact of prizes is heterogeneous across runners in the same race. The study sheds light on the nature of other economically significant tournaments where data is less available.

Suggested Citation

  • Tim Davies & Adrian Stoian, 2014. "Measuring The Sorting and Incentive Effects of Tournament Prizes," The American Economist, Sage Publications, vol. 59(2), pages 153-166, November.
    • Handle: RePEc:sae:amerec:v:59:y:2014:i:2:p:153-166
    DOI: 10.1177/056943451405900206
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/056943451405900206
    Download Restriction: no
    File URL: https://libkey.io/10.1177/056943451405900206?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. James G. Lynch & Jeffrey S. Zax, 2000. "The Rewards to Running," Journal of Sports Economics, , vol. 1(4), pages 323-340, November.
    2. Ehrenberg, Ronald G & Bognanno, Michael L, 1990. "Do Tournaments Have Incentive Effects?," Journal of Political Economy, University of Chicago Press, vol. 98(6), pages 1307-1324, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Brad Humphreys & Bernd Frick, 2019. "Prize Structure and Performance: Evidence from NASCAR," Economies, MDPI, vol. 7(4), pages 1-13, October.
    2. John List & Daan Van Soest & Jan Stoop & Haiwen Zhou, 2014. "On the Role of Group Size in Tournaments: Theory and Evidence from Lab and Field Experiments," NBER Working Papers 20008, National Bureau of Economic Research, Inc.
    3. Arne Feddersen & Brad Humphreys & Brian Soebbing, 2012. "Cost Incentives in European Football," Working Papers 2012-13, University of Alberta, Department of Economics.
    4. Wang, Zhen & Vukina, Tomislav, "undated". "Sorting into Contests: Evidence from Production Contracts," ARE Working Papers 262930, North Carolina State University, Department of Agricultural and Resource Economics.
    5. Thierry Lallemand & Robert Plasman & François Rycx, 2008. "Women and Competition in Elimination Tournaments," Journal of Sports Economics, , vol. 9(1), pages 3-19, February.
    6. Benno Torgler & Sascha L. Schmidt & Bruno S. Frey, 2006. "The Power of Positional Concerns: A Panel Analysis," CREMA Working Paper Series 2006-19, Center for Research in Economics, Management and the Arts (CREMA).
    7. Keith F. Gilsdorf & Vasant A. Sukhatme, 2008. "Testing Rosen's Sequential Elimination Tournament Model," Journal of Sports Economics, , vol. 9(3), pages 287-303, June.
    8. Helmut Dietl & Egon Franck & Martin Grossmann & Markus Lang, 2009. "Contest Theory and its Applications in Sports," Working Papers 0029, University of Zurich, Center for Research in Sports Administration (CRSA).
    9. Brian Hill, 2014. "The Heat Is On," Journal of Sports Economics, , vol. 15(4), pages 315-337, August.
    10. Thierry Lallemand & Robert Plasman & François Rycx, 2005. "Women and competition in elimination tournaments: evidence from professional tennis data," DULBEA Working Papers 05-19.RS, ULB -- Universite Libre de Bruxelles.
    11. Keith F. Gilsdorf & Vasant Sukhatme, 2008. "Tournament incentives and match outcomes in women's professional tennis," Applied Economics, Taylor & Francis Journals, vol. 40(18), pages 2405-2412.
    12. Matthew Hood, 2006. "The Purse Is Not Enough," Journal of Sports Economics, , vol. 7(3), pages 289-308, August.
    13. Benno Torgler & Markus Schaffner & Bruno S. Frey & Sascha L. Schmidt, 2008. "Looking Awkward When Winning and Foolish When Losing: Inequity Aversion and Performance in the Field," IEW - Working Papers 369, Institute for Empirical Research in Economics - University of Zurich.
    14. Ghazala Azmat & Marc Möller, 2018. "The Distribution of Talent Across Contests," Economic Journal, Royal Economic Society, vol. 128(609), pages 471-509, March.
    15. Bentley Coffey & M. T. Maloney, 2010. "The Thrill of Victory: Measuring the Incentive to Win," Journal of Labor Economics, University of Chicago Press, vol. 28(1), pages 87-112, January.
    16. Migheli, Matteo, 2019. "Competing for promotion: Are “THE BEST” always the best?," Research in Economics, Elsevier, vol. 73(2), pages 149-161.
    17. Sheremeta, Roman, 2009. "Essays on Experimental Investigation of Lottery Contests," MPRA Paper 49888, University Library of Munich, Germany.
    18. Benno Torgler & Markus Schaffner & Bruno S. Frey & Sascha L. Schmidt & Uwe Dulleck, 2008. "Inequality Aversion and Performance in and on the Field," CREMA Working Paper Series 2008-18, Center for Research in Economics, Management and the Arts (CREMA).
    19. Wang Zhen & Vukina Tomislav, 2019. "Sorting into Contests: Evidence from Production Contracts," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 19(1), pages 1-15, January.
    20. Pastoriza, David & Alegre, Inés & Canela, Miguel A., 2021. "Conditioning the effect of prize on tournament self-selection," Journal of Economic Psychology, Elsevier, vol. 86(C).

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:amerec:v:59:y:2014:i:2:p:153-166. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: http://journals.sagepub.com/home/aex .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.