How tournament incentives affect asset markets: a comparison between winner-take-all tournaments and elimination contests

DOI10.1016/j.jedc.2016.11.006zbMath1401.91057OpenAlexW3125924787MaRDI QIDQ1655547

Daniel Kleinlercher, Martin Holmén, Michael Kirchler, Dawei Fang

Publication date: 9 August 2018

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2016.11.006

zbMATH Keywords

market efficiencyinvestment behaviorexperimental financetournament incentives

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24)

Cites Work

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• The impact of a financial transaction tax on stylized facts of price returns -- evidence from the lab
• Strive to be first or avoid being last: an experiment on relative performance incentives
• Risk taking in selection contests
• Bubble measures in experimental asset markets
• Strategic Uncertainty, Equilibrium Selection, and Coordination Failure in Average Opinion Games
• Modifying Variability and Correlations in Winner-Take-All Contests
• Churning Bubbles
• Termination Risk, Multiple Managers and Mutual Fund Tournaments
• No Guts, No Glory: An Experiment on Excessive Risk-Taking
• Price bubbles in laboratory asset markets with constant fundamental values

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