Competition and cooperation when the pool of competitors is expanded
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While a tournament competition can induce the optimal incentive to work, it usually harms cooperation among participants. This paper shows how this adverse effect of a tournament can be reduced without impairing the incentive to work. As the pool of competitors in a tournament expands while the portion of winners is held constant, the negative effect on cooperation diminishes while the incentive to work remains.
Abstract
While a tournament competition can induce the optimal incentive to work, it usually harms cooperation among participants. This paper shows how this adverse effect of a tournament can be reduced without impairing the incentive to work. As the pool of competitors in a tournament expands while the portion of winners is held constant, the negative effect on cooperation diminishes while the incentive to work remains.
참고문헌 (9)
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