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Contingent payments in selection contests

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  • Derek Clark

  • Christian Riis

Abstract

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Suggested Citation

  • Derek Clark & Christian Riis, 2007. "Contingent payments in selection contests," Review of Economic Design, Springer;Society for Economic Design, vol. 11(2), pages 125-137, September.
    • Handle: RePEc:spr:reecde:v:11:y:2007:i:2:p:125-137
    DOI: 10.1007/s10058-007-0030-7
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    References listed on IDEAS

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    1. By Kenneth L. Judd & Karl Schmedders & Şevin Yeltekin, 2012. "Optimal Rules For Patent Races," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 53(1), pages 23-52, February.
    2. Encaoua, David & Guellec, Dominique & Martinez, Catalina, 2006. "Patent systems for encouraging innovation: Lessons from economic analysis," Research Policy, Elsevier, vol. 35(9), pages 1423-1440, November.
    3. Windus, Margaret L. & Schiffel, Dennis D., 1976. "Recoupment of government R&D expenditures: issues and practices in the USA," Research Policy, Elsevier, vol. 5(2), pages 180-196, April.
    4. Richard L. Fullerton & Bruce G. Linster & Michael McKee & Stephen Slate, 2002. "Using Auctions To Reward Tournament Winners: Theory and Experimental Investigations," RAND Journal of Economics, The RAND Corporation, vol. 33(1), pages 62-84, Spring.
    5. Derek Clark & Christian Riis, 2001. "Rank-order tournaments and selection," Journal of Economics, Springer, vol. 73(2), pages 167-191, June.
    6. Gifford, Adam, Jr & Kenney, Roy W, 1986. "The Production of Information through Labor Market Contests," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 2(2), pages 305-313, Fall.
    7. Landers, Renee M & Rebitzer, James B & Taylor, Lowell J, 1996. "Rat Race Redux: Adverse Selection in the Determination of Work Hours in Law Firms," American Economic Review, American Economic Association, vol. 86(3), pages 329-348, June.
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    Citations

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    Cited by:

    1. Kräkel, Matthias & Schöttner, Anja, 2012. "Internal labor markets and worker rents," Journal of Economic Behavior & Organization, Elsevier, vol. 84(2), pages 491-509.
    2. Jennifer Brown & Dylan B. Minor, 2014. "Selecting the Best? Spillover and Shadows in Elimination Tournaments," Management Science, INFORMS, vol. 60(12), pages 3087-3102, December.
    3. Fu, Qiang & Lu, Jingfeng & Lu, Yuanzhu, 2012. "Incentivizing R&D: Prize or subsidies?," International Journal of Industrial Organization, Elsevier, vol. 30(1), pages 67-79.
    4. Penghuan Yan, 2024. "Balancing Selection Efficiency and Societal Costs in Selective Contests," Papers 2409.09768, arXiv.org, revised Oct 2024.
    5. Fares, M'hand & Orozco, Luis, 2014. "Tournament Mechanism in Wine-Grape Contracts: Evidence from a French Wine Cooperative," Journal of Wine Economics, Cambridge University Press, vol. 9(3), pages 320-345, December.
    6. Werner Güth & René Levínský & Kerstin Pull & Ori Weisel, 2016. "Tournaments and piece rates revisited: a theoretical and experimental study of output-dependent prize tournaments," Review of Economic Design, Springer;Society for Economic Design, vol. 20(1), pages 69-88, March.

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    Keywords

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    JEL classification:

    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • M52 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Compensation and Compensation Methods and Their Effects
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior

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