Journal article
Turning up the heat: the discouraging effect of competition in contests
- Abstract:
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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...
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- Publication status:
- Published
- Peer review status:
- Peer reviewed
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(Version of record, 1.3MB)
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(Supplementary materials, 416.0KB)
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- Publisher copy:
- 10.1086/705670
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Authors
Bibliographic Details
- 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:
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1537-534X
- ISSN:
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0022-3808
- Source identifiers:
-
999786
Item Description
- Language:
- English
- Keywords:
- Pubs id:
-
pubs:999786
- UUID:
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uuid:41a21d62-3f66-4a2e-895f-c8d7d2842053
- Local pid:
- pubs:999786
- Deposit date:
- 2019-05-21
Terms of use
- Copyright holder:
- University of Chicago
- Copyright date:
- 2020
- Rights statement:
- © 2020 by The University of Chicago. All rights reserved.
- Notes:
- This is the publisher's version of the article. The final version is available online from the University of Chicago Press at: https://doi.org/10.1086/705670
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