Tournaments and Multiple Productive Inputs: The Case of Performance Enhancing Drugs
نویسنده
چکیده
Tournaments and Multiple Productive Inputs: The Case of Performance Enhancing Drugs 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. JEL Classification: D72, D74, L23, M54
منابع مشابه
Enhancing Farmer Productive Capacity: Case of Action Research Based Conservation Agriculture
The study sought to explore approaches for co-creation of conservation agriculture (CA) knowledge amongst farmers, nongovernmental organizations (NGOs), government and specialist researchers. The aim of the study was to explore farmer initiated food security strategies among small holder resource poor farmers, through enhancement of farmers’ own productive capacity. The study was born out of th...
متن کاملEnhancing Efficiency of Neural Network Model in Prediction of Firms Financial Crisis Using Input Space Dimension Reduction Techniques
The main focus in this study is on data pre-processing, reduction in number of inputs or input space size reduction the purpose of which is the justified generalization of data set in smaller dimensions without losing the most significant data. In case the input space is large, the most important input variables can be identified from which insignificant variables are eliminated, or a variable ...
متن کاملAn Integrated Approach for Measuring Performance of Network structure: Case study on power plants
Data envelopment analysis (DEA) and balanced scorecard (BSC) are two well-known approaches for measuring performance of decision making units (DMUs). BSC is especially applied with quality measures, whereas, when the quantity measures are used to evaluate, DEA is more appropriate. In the real-world, DMUs usually have complex structures such as network structures. One of the well-known network s...
متن کاملResource allocation based on DEA for distance improvement to MPSS points considering environmental factors
This paper proposes a new resource allocation model which is based on data envelopment analysis (DEA) and concerns systems with several homogeneous units operating under supervision of a central unit. The previous studies in DEA literature deal with reallocating/allocating organizational resource to improve performance or maximize the total amount of outputs produced by individual units. In tho...
متن کاملDEA Models with Interval Scale Inputs and Outputs
This paper proposes an alternative approach for efficiency analysis when a set of DMUs uses interval scale variables in the productive process. To test the influence of these variables, we present a general approach of deriving DEA models to deal with the variables. We investigate a number of performance measures with unrestricted-in-sign interval and/or interval scale variables.
متن کامل