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- W1510130161 abstract "We model contests with a fixed proportion of prizes, such as a grading curve, as all-pay auctions where higher effort weakly increases the likelihood of a prize. We find theoretical predictions for the effect of contest size on effort and test our predictions in a laboratory experiment that compares two-bidder auctions with one prize and 20-bidder auctions with ten prizes. Our results demonstrate that larger contests elicit lower effort by low-skilled students, but higher effort by high-skilled. Large contests also generate more accurate rankings of students and more accurate assignment of high grades to the high-skilled.Institutional subscribers to the NBER working paper series, and residents of developing countries may download this paper without additional charge at www.nber.org." @default.
- W1510130161 created "2016-06-24" @default.
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- W1510130161 date "2014-05-01" @default.
- W1510130161 modified "2023-09-28" @default.
- W1510130161 title "Grading on a Curve, and other Effects of Group Size on All-Pay Auctions" @default.
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- W1510130161 doi "https://doi.org/10.3386/w20184" @default.
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