Konrad, Kai A.
(2005):
Tournaments and Multiple Productive Inputs: The Case of Performance Enhancing Drugs.
IZA Discussion Paper, 1844
External fulltext: http://ftp.iza.org/dp1844.pdf
Abstract
In this paper I consider the desirability of drugs that enhance cognitive abilities in the context of tournaments that are used as optimal labor contracts as in Lazear and Rosen (1981). Such drugs reduce the number of voluntary participants in a tournament, but increase individual and total output. If the tournament is optimally designed, welfare is higher if drugs are available and used.
| Item Type: | Paper |
|---|---|
| Keywords: | cognitive enhancement drugs; tournament; labor market incentives; Doping; entry in tournaments |
| Faculties: | Economics > Chairs > MPI for Tax Law and Public Finance |
| Subjects: | 300 Social sciences > 330 Economics |
| JEL Classification: | D72, D74, L23, M54 |
| Place of Publication: | Bonn |
| Language: | English |
| Item ID: | 24483 |
| Date Deposited: | 07. Apr 2015, 06:40 |
| Last Modified: | 03. Mar 2017, 10:54 |
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