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The Efficacy of Tournaments for Non-Routine Team Tasks

Florian Englmaier, Stefan Grimm, Dominik Grothe, David Schindler (), Simeon Andreas Dermot Schudy and Simeon Schudy
Authors registered in the RePEc Author Service: Simeon Schudy ()

No 9189, CESifo Working Paper Series from CESifo

Abstract: Tournaments are often used to improve performance in innovation contexts. Tournaments provide monetary incentives but also render teams’ identity and social-image concerns salient. We study the effects of tournaments on team performance in a non-routine task and identify the importance of these behavioral aspects. In a natural field experiment (n>1,700 participants), we vary the salience of team identity, social-image concerns, and whether teams face monetary incentives. Increased salience of team identity does not improve performance. Social-image motivates mainly the top-performing teams. Additional monetary incentives improve all teams’ outcomes without crowding out teams’ willingness to explore or perform similar tasks again.

Keywords: team-work; tournaments; rankings; incentives; identity; image concerns; innovation; exploration; natural field experiment (search for similar items in EconPapers)
JEL-codes: C93 D90 J24 J33 M52 (search for similar items in EconPapers)
Date: 2021
New Economics Papers: this item is included in nep-cbe, nep-exp, nep-hrm, nep-lma and nep-spo
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

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