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• W2775269544 startingPage "1940" @default.
• W2775269544 abstract "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 promotion contests at the division level rather than the firm level can boost employees’ effort. Our results are also consistent with personnel policies that feature egalitarian pay systems and dismissal of worst-performing employees." @default.
• W2775269544 created "2017-12-22" @default.
• W2775269544 creator A5018411459 @default.
• W2775269544 creator A5020332447 @default.
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• W2775269544 date "2020-05-01" @default.
• W2775269544 modified "2023-09-27" @default.
• W2775269544 title "Turning Up the Heat: The Discouraging Effect of Competition in Contests" @default.
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• W2775269544 doi "https://doi.org/10.1086/705670" @default.
• W2775269544 hasPublicationYear "2020" @default.
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