Download or read book Distribution of Prizes in a Match play Tournament with Single Eliminations written by Sherwin Rosen and published by . This book was released on 1984 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper begins to study the reward-incentive structure in sequential knock-out or elimination tournaments with matched, pairwise comparisons among players at each stage. The prize structure required to elicit constant expected quality of play in all matches throughout the tournament is characterized for competition among equally talented (or perfectly handicapped), players.The incentive maintaining prize structure is shown to concentrate' extra weight on the top ranking prize, a phenomenon observed in most tournaments. More can be said. Prizes that maintain performance incentives at all stages award a constant increment for each match won up to the last stage; and an amount greater than this for the player who wins the final match. Players' incentives to perform in early rounds are propelled by the probability of achieving higher ranks and surviving to later stages where rewards are larger. These continuation options are played out in the final match, so it is only the difference between winning and losing prizes in the finals that controls incentives there. Many athletic tournaments are structured in the manner analyzed here, but the general framework ultimately may have application to certain career games as well. More generally, a tournament structure may he viewed as a statistical, experimental design problem.The prize structure interacts with the design in providing incentives for the best players to survive to the finals and win the top prizes
Download or read book Distribution of Prizes in a Match paly Tournament with Single Eliminations written by and published by . This book was released on 1984 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Political Economy of Status written by Theodore Koutsobinas and published by Edward Elgar Publishing. This book was released on 2014-11-28 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this timely book, Theodore Koutsobinas explores the system of status markets and their social effects including inequality. He explains how media fascination with superstars and luxury consumption goods amplify positional concerns for all, distort t
Download or read book Identity and Control written by Harrison C. White and published by Princeton University Press. This book was released on 2012-11-21 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this completely revised edition of one of the foundational texts of network sociology, Harrison White refines and enlarges his groundbreaking theory of how social structure and culture emerge from the chaos and uncertainty of social life. Incorporating new contributions from a group of young sociologists and many fascinating and novel case studies, Identity and Control is the only major book of social theory that links social structure with the lived experience of individuals, providing a rich perspective on the kinds of social formations that develop in the process. Going beyond traditional sociological dichotomies such as agency/structure, individual/society, or micro/macro, Identity and Control presents a toolbox of concepts that will be useful to a wide range of social scientists, as well as those working in public policy, management, or associational life and, beyond, to any reader who is interested in understanding the dynamics of social life.
Download or read book Contest Theory written by Milan Vojnović and published by Cambridge University Press. This book was released on 2016-02-04 with total page 737 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contests are prevalent in many areas, including sports, rent seeking, patent races, innovation inducement, labor markets, scientific projects, crowdsourcing and other online services, and allocation of computer system resources. This book provides unified, comprehensive coverage of contest theory as developed in economics, computer science, and statistics, with a focus on online services applications, allowing professionals, researchers and students to learn about the underlying theoretical principles and to test them in practice. The book sets contest design in a game-theoretic framework that can be used to model a wide-range of problems and efficiency measures such as total and individual output and social welfare, and offers insight into how the structure of prizes relates to desired contest design objectives. Methods for rating the skills and ranking of players are presented, as are proportional allocation and similar allocation mechanisms, simultaneous contests, sharing utility of productive activities, sequential contests, and tournaments.
Download or read book Executive Compensation and Firm Performance written by Bonnie R. Rabin and published by . This book was released on 1987 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Oxford Handbook of Sports Economics written by Stephen Shmanske and published by Oxford University Press. This book was released on 2011-12-22 with total page 478 pages. Available in PDF, EPUB and Kindle. Book excerpt: Shmanske and Kahane have brought together nearly all of the important authors in the quickly growing field of Sports Economics to contribute chapters to this two-volume set. All of the authors are writing about subjects that they love and subjects that they have devoted years of study to. The result is truly informative in its content and path breaking in its importance to the field. Anyone contemplating research in the field of sports economics will find the works in these volumes to provide both ample background in subject after subject and numerous suggestions for future avenues of research. The editors have recognized two ways that economics and sports interact. First, economic analysis has helped everyone understand many of the peculiar institutions in sports. And second, quality data about individual productivity, salaries, career histories, teamwork, and managerial behavior has helped economists study topics as varied as the economics of discrimination, salary dispersion, and antitrust policy. These two themes of economics helping sports and sports helping economics provide the organizational structure to the two-volume set. The reader will find that sports economists employ or comment on practically every field in economics. Labor Economics comes into play in the areas of salary formation, salary dispersion, and discrimination. Baseball's history and the NCAA are studied with Industrial Organization and Antitrust. Public Finance and Contingent Value Modeling come into play in the study of stadium finance and franchise location. The Efficient Market Hypothesis is examined with data from gambling markets. Macroeconomic effects are studied with data from mega events like the Super Bowl, The World Cup, and the Olympics. The limits of Econometrics are pushed and illustrated with superb data in many of the papers herein. Topics in Applied microeconomics like demand estimation and price discrimination are also covered in several of the included papers. Game Theory, measurement of production functions, and measurement of managerial efficiency all come into play. Talented authors in each of these fields have made contributions to these volumes. The volumes are also rich from the point of view of the sports fan. Every major team sport is covered, and many interesting comparisons can be made especially between the North American League organization and the European-style promotion and relegation leagues. Golf, NASCAR, College athletics, Women's sports, the Olympics, and even bowling are represented in these pages. There is literally something for everyone.
Download or read book New Evidence on the Timing and Spacing of Births written by James Joseph Heckman and published by . This book was released on 1984 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book On the Economic Interpretation and Measurement of Optimal Capacity Utilization with Anticipatory Expectations written by Catherine J. Morrison and published by . This book was released on 1985 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study builds on recent research giving the notion of capacity utilization clearer economic foundations. In this research optimal output Y* is defined as the minimum point on the firm's short-run average total cost curve, and capacity utilization is then computed as CU=Y/Y*, where Y is actual output. Here I extend these concepts to include adjustment costs due to changes in the stock of capital, and nonstatic expectations of future output demand and input prices. The more general notion of CU is shown to depend on the shadow values of the firm's quasifixed inputs, and is decomposed to isolate the effects of anticipatory expectations. An empirical comparison is then made between traditional indices and alternative economic CU measures, using annual U.S. manufacturing data 1954-80. The calculated indices exhibit plausible patterns, which can be interpreted as the effects of nonstatic expectations and adjustment costs.
Download or read book NBER Reporter written by National Bureau of Economic Research and published by . This book was released on 1984 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Notes on the Effect of Capital Gains Taxation on Non Austrian Assets written by Daniel J. Kovenock and published by . This book was released on 1985 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper is an attempt to assess the effect of capital gains taxation on non-Austrian assets, such as claims to profits of continuing enterprises. As compared to taxation on an accrual basis, the capital gains tax discourages sales of appreciated assets. This is the "lock-in" effect. Because assets subject to capital gains taxation are generally held a long time, conventional estimates suggest that the effective rate of capital gains taxation is low. We contend that conventional estimates could seriously underestimate the effective rate of capital gains taxation because they ignore uncertainty. We construct a model which allows us to calculate the value of being able to actively manage a portfolio and use this model to calculate the effective rate of capital gains taxation. For several plausible parameter values the effective rate is significantly higher than estimates under certainty. We also discuss some of the ways in which the lock-in effect may distort the allocation of investment funds and the efficient workings of the capital market
Download or read book The New Palgrave Dictionary of Economics written by and published by Springer. This book was released on 2016-05-18 with total page 7493 pages. Available in PDF, EPUB and Kindle. Book excerpt: The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.
Download or read book Essays in the Economics of Innovation Incentives written by Yooki Park and published by . This book was released on 2006 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Protection and the Product Line written by Kala Krishna and published by . This book was released on 1985 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thereare three points made in this paper. The first is that the question concerning choice of a product line by a monopolist is similar in structure to other adverse selection problems -- and can be analyzed in an elementary way by adapting techniques recently developed for such problems. Such an analysis is developed in the first section. The second is that when a foreign monopolist produces a product line, protection will change the composition of the entire product line.The nature of such effects is studied in the second section and this analysis is greatly simplified by the results of the first sectton. In line with empirical work on the subject, quotas are shown to raise the average quality of imports, while the effects of tariffs are ambiguous.The third concerns the possibility of profit shifting protection which is welfare increasing. The welfare consequences of protection are analyzed in the third section, and are shown to depend crucially on the distribution of consumers.
Download or read book Intelligent Technologies for Interactive Entertainment written by Yoram Chisik and published by Springer. This book was released on 2018-02-19 with total page 175 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes the refereed proceedings of the 9th International Conference on Intelligent Technologies for Interactive Entertainment, INTETAIN 2017, held in Funchal, Portugal, in June 2017. The 15 full papers were selected from 19 submissions and present developments and insights in art, design, science and engineering regarding novel entertainment-focused devices, paradigms, and reconfiguration of entertainment experiences.
Download or read book Sorting written by Hosam M. Mahmoud and published by John Wiley & Sons. This book was released on 2011-10-14 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: A cutting-edge look at the emerging distributional theory of sorting Research on distributions associated with sorting algorithms has grown dramatically over the last few decades, spawning many exact and limiting distributions of complexity measures for many sorting algorithms. Yet much of this information has been scattered in disparate and highly specialized sources throughout the literature. In Sorting: A Distribution Theory, leading authority Hosam Mahmoud compiles, consolidates, and clarifies the large volume of available research, providing a much-needed, comprehensive treatment of the entire emerging distributional theory of sorting. Mahmoud carefully constructs a logical framework for the analysis of all standard sorting algorithms, focusing on the development of the probability distributions associated with the algorithms, as well as other issues in probability theory such as measures of concentration and rates of convergence. With an emphasis on narrative rather than technical explanations, this exceptionally well-written book makes new results easily accessible to a broad spectrum of readers, including computer professionals, scientists, mathematicians, and engineers. Sorting: A Distribution Theory: * Contains introductory material on complete and partial sorting * Explains insertion sort, quick sort, and merge sort, among other methods * Offers verbal descriptions of the mechanics of the algorithms as well as the necessary code * Illustrates the distribution theory of sorting using a broad array of both classical and modern techniques * Features a variety of end-of-chapter exercises
Download or read book Monitoring Costs and Occupational Segregation by Sex written by Claudia Dale Goldin and published by . This book was released on 1985 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Supervisory and monitoring costs are explored to understand aspects of occupational segregation by sex. Around the turn of this century 47 percent of all female manufacturing operatives were paid by the piece, but only 13 percent of the males were. There were very few males and females employed by the same firm in the same occupation, and when they were, they were invariably paid by the piece. The group of industries that hired two-thirds of all male operatives, hired virtually no females. Males, but not females, were employed in teams across a variety of industries, and there was segregation by sex across various jobs requiring similar training and ability. Occupations in the clerical sector were rapidly "feminized" from 1900 to 1920 and an organization of work was employed resembling that used earlier in manufacturing. These findings can be understood by considering a model of occupational segregation in which monitoringis costly and males and females have different turnover rates. Employers adopt one of two solutions to avoid shirking -- piece rates and deferred payment. Because females are only employed in one period, piece rates are used for them; males, however, might prefer deferred payment which causes their earnings profile to be steeper than otherwise. Occupational segregation by sex results even if workers are homogeneous with regard to ability and there are nocosts of job investment. Males can also receive higher average wages per period than females. Under a reasonable set of assumptions, females would want to be employed in the male sector,but would be barred from doing so. Establishment-level and more aggregated data for manufacturing around 1890 are examined with regard to the costs of supervising and monitoring male and female workers in time and piece-rate positions.The findings tend to support the assumptions of the model concerning the relative costs of monitoring workers of different sexes paid by different methods.
