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Optimality of winner-take-all contests: the role of attitudes toward risk |
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| Authors: | Liu Liqun Treich Nicolas |
| Affiliation: | 1.Economics Department, Chambers College of Business and Economics, West Virginia University, Morgantown, WV, USA ;2.Erasmus School of Economics, Erasmus University Rotterdam, 3000, DR, Rotterdam, the Netherlands ;3.Birmingham Business School, University of Birmingham, JG Smith Building, Birmingham, B15 2TT, UK ;4.School of Business and Economics, Free University Amsterdam, Amsterdam, the Netherlands ; |
| Abstract: | Journal of Risk and Uncertainty - This paper introduces the Prince incentive system for measuring preferences. Prince combines the tractability of direct matching, allowing for the precise and... |
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