Teams as Superstars: Effort and Risk Taking in Rank-Order Tournaments for Women and Men
Mario Lackner ()
No 2016-13, Economics working papers from Department of Economics, Johannes Kepler University Linz, Austria
This article analyzes top-level basketball competitions and measures the effect of superstar presence on effort provision in rank-order tournaments. I extend the previous literature to team competitions for male and female teams, as well as different institutional settings over a long period of time. In addition, I analyze risk-taking behavior in the context of superstar effects. The results of the empirical analysis suggests that the level of superstar dominance is crucial for the observed effects. While there is an significant and sizeable effort reducing superstar effect, less (little) dominance by the superstar seems to be result in a positive peer effects.
Keywords: uperstar effects; rank-order tournaments; incentives; effort; risk-taking (search for similar items in EconPapers)
JEL-codes: D70 M51 J01 (search for similar items in EconPapers)
Pages: 35 pages
New Economics Papers: this item is included in nep-hrm and nep-spo
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Persistent link: https://EconPapers.repec.org/RePEc:jku:econwp:2016_13
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