Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5060408 | Economics Letters | 2012 | 4 Pages |
Abstract
⺠Power in an organization is a prize in a contest between members. ⺠The members' contributions determine success in the contest. ⺠A contest with reimbursements increases voluntary contributions. ⺠A necessary condition for collective efficiency is characterized. ⺠Efficient contests are highly but not perfectly discriminative.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Martin Gregor,