Competition over more than one prize

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Date: Mar. 1998
From: American Economic Review(Vol. 88, Issue 1)
Publisher: American Economic Association
Document Type: Article
Length: 66 words

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Abstract :

An all-pay auction framework is extended to allow for multiple rather than single prizes. The framework is used to analyze the mechanisms by which firms distribute incentives to encourage employees to work harder. It is shown that a firm with a dominant worker would maximize expected total worker effort by distributing prizes simultaneously. On the other hand, prizes are distributed sequentially when no worker is dominant.

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Gale Document Number: GALE|A56218368