Selection and incentives in contests: evidence from horse racing

Brown, Alasdair and Yang, Fuyu (2017) Selection and incentives in contests: evidence from horse racing. Applied Economics Letters, 24 (4). pp. 250-253. ISSN 1350-4851

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Abstract

The designer of internal labour market promotion contests must balance the need to select the best candidate with the need to provide incentives for all candidates. We use an extensive data set from horse racing – where there is abundant variation in contest design features – to analyse if there are particular features that help to achieve these two objectives. We find that contests with higher prize money and fewer participants are the most successful at achieving the dual remit of selection and incentives.

Item Type: Article
Uncontrolled Keywords: contests,relative performance,selection,quitting
Faculty \ School: Faculty of Social Sciences > School of Economics
Depositing User: Pure Connector
Date Deposited: 26 Apr 2016 13:00
Last Modified: 21 Mar 2020 01:20
URI: https://ueaeprints.uea.ac.uk/id/eprint/58389
DOI: 10.1080/13504851.2016.1181705

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