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• W1869577871 abstract "This paper introduces a relative performance prize scheme to best-of-N contests. We develop a theoretical model of the best-of-N contest with intermediate prizes distributed based on the players’ relative performance. The model predicts that a relative performance prize scheme both increases the players’ level of effort in certain conditions and decreases performance differential between the winner and the loser in the contest. Empirically, we investigate these theoretical predictions employing a natural experiment of FIVB (Federation Internationale de Volleyball) World League and FIVB World Grand Prix. The results indicate that the introduction of a relative performance scheme induces contest participants to intensify their efforts; however, this prize scheme ultimately results in teams playing fewer sets in the match." @default.
• W1869577871 created "2016-06-24" @default.
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• W1869577871 date "2014-01-01" @default.
• W1869577871 modified "2023-09-25" @default.
• W1869577871 title "Relative Performance Prizes and Dynamic Incentives in Best-of-N Contests" @default.
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• W1869577871 doi "https://doi.org/10.2139/ssrn.2492638" @default.
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