|
EconStor >
Max-Planck-Institut für Ökonomik, Jena >
Jena Economic Research Papers, MPI für Ökonomik >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/56924
|
| | |
Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Suzuki, Toru | | en_US |
| dc.date.accessioned | | 2010-12-08 | | en_US |
| dc.date.accessioned | | 2012-04-11T09:31:50Z | | - |
| dc.date.available | | 2012-04-11T09:31:50Z | | - |
| dc.date.issued | | 2010 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/56924 | | - |
| dc.description.abstract | | Agents compete to solve a problem. Each agent knows own computational capacity as private information and simultaneously chooses either a risky or a safe problem solving method. This paper analyzes the optimal prize schemes from the perspective of the prize designer who wishes to find a solution as quick as possible. It is shown that (i) the winner-take-all scheme can induce excessive risk taking and make problem solving slower (ii) prize schemes with milder competitive pressure induce the optimal risk taking and quicker problem solving. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Univ. [u.a.] Jena | | en_US |
| dc.relation.ispartofseries | | Jena economic research papers 2010,083 | | en_US |
| dc.subject.jel | | D82 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | optimal prize scheme | | en_US |
| dc.subject.keyword | | risk taking | | en_US |
| dc.subject.keyword | | problem solving | | en_US |
| dc.subject.stw | | Wettbewerb | | en_US |
| dc.subject.stw | | Anforderungsprofil | | en_US |
| dc.subject.stw | | Ökonomischer Anreiz | | en_US |
| dc.subject.stw | | Risikopräferenz | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.title | | Competitive problem solving and the optimal prize schemes | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 641291116 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | Jena Economic Research Papers, MPI für Ökonomik
|
| Files in This Item:
| |
|
| No. of Downloads:
| |
| last Month |
last 3 Month |
total |
|
|
|
|
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|