Competition among volunteers
| Autor: | Mario Ferrero, Franco Cugno |
|---|---|
| Rok vydání: | 2004 |
| Předmět: |
Economics and Econometrics
Labour economics media_common.quotation_subject Economic rent Nonmarket forces Investment (macroeconomics) CONTEST Microeconomics Competition (economics) Political Science and International Relations Economics medicine Tournament Free entry medicine.symptom Rent-seeking media_common |
| Zdroj: | European Journal of Political Economy. 20:637-654 |
| ISSN: | 0176-2680 |
| DOI: | 10.1016/j.ejpoleco.2003.10.009 |
| Popis: | Volunteer labor is analyzed as a selfish, rational investment activity that people undertake to compete for rents, or prizes, auctioned off by a nonmarket, output-maximizing organization. The model is located at the intersection of the tournament and rent-seeking literatures and proves that, with identical risk-neutral individuals, only two prizes, and free entry, the organization will find it optimal to set the bottom prize at zero and thus promote a volunteer contest. A broad range of real-world examples is shown to fit well with the model. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|
Full Text from ScienceDirect