The Ponds Dilemma.
Is it better to be a big fish in a small pond or a small fish in a big pond? To find out, we study self‐selection into contests. Our simple model predicts that: (i) entry into the big pond – in terms of show‐up fees, number or value of prizes – is non‐monotonic in ability; (ii) entry into the more m...
| Publicado en: | Economic Journal Vol. 128; no. 611; pp. 1634 - 1683 |
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| Autores principales: | , , |
| Formato: | Artículo |
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Oxford University Press / USA
Jun2018
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=129954783&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 129954783 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00130133 EJN jtl: Economic Journal issn: 00130133 maglogo: N pubinfo: dt: Jun2018 vid: 128 iid: 611 pid: 622 pub: Oxford University Press / USA artinfo: ui: 129954783 10.1111/ecoj.12473 ppf: 1634 ppct: 49 formats: tig: atl: The Ponds Dilemma. aug: au: Morgan, John Sisak, Dana Várdy, Felix affil: University of California Erasmus University Rotterdam and Tinbergen Institute International Monetary Fund su: Contests Prizes (Contests & competitions) Performance evaluation Cumulative distribution function Probability density function Mathematical continuum sug: subj: Contests Prizes (Contests & competitions) Performance evaluation Cumulative distribution function Probability density function Mathematical continuum ab: Is it better to be a big fish in a small pond or a small fish in a big pond? To find out, we study self‐selection into contests. Our simple model predicts that: (i) entry into the big pond – in terms of show‐up fees, number or value of prizes – is non‐monotonic in ability; (ii) entry into the more meritocratic pond is likewise non‐monotonic, exhibiting two interior extrema and disproportionately attracting very low ability types; and (iii) changes in rewards can produce unexpected effects, e.g. higher show‐up fees may lower entry, while higher prizes or more meritocracy may lower the average ability of entrants. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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