Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/33571
Authors: 
Konrad, Kai A.
Year of Publication: 
2005
Series/Report no.: 
IZA Discussion Papers 1844
Abstract: 
In this paper I consider the desirability of drugs that enhance cognitive abilities in the context of tournaments that are used as optimal labor contracts as in Lazear and Rosen (1981). Such drugs reduce the number of voluntary participants in a tournament, but increase individual and total output. If the tournament is optimally designed, welfare is higher if drugs are available and used.
Subjects: 
cognitive enhancement drugs
tournament
labor market incentives
doping
entry in tournaments
JEL: 
D72
D74
L23
M54
Document Type: 
Working Paper

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