Problemstruktur, Eskalationsvoraussetzungen und eskalationsfördernde Bedingungen sogenannter Rattenrennen

Egon Franck and Jens Christian Müller
Additional contact information
Jens Christian Müller: TU Bergakademie Freiberg

Schmalenbach Journal of Business Research, 2000, vol. 52, issue 1, 3-26

Abstract: Summary The paper analyzes the economic structure of rat races, which either emerge in signaling (as a means of handling informational problems in labor markets) or in genuine tournaments. The unifying element of such contests is a rank-order reward structure. The pervasive phenomenon that contestants compete with too much effort or wasteful investments, cannot be explained in a satisfying manner if fully rational behavior is assumed. Therefore, systematic distortions of contestants’ cost benefit rationales and their causes are an important issue of this paper which closes by addressing some institutional solutions to curb too much effort or wasteful investments in rat races.

Date: 2000
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/BF03372606 Abstract (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sjobre:v:52:y:2000:i:1:d:10.1007_bf03372606

Ordering information: This journal article can be ordered from
https://www.springer.com/journal/41471

DOI: 10.1007/BF03372606

Access Statistics for this article

More articles in Schmalenbach Journal of Business Research from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().