Not logged in.

Contribution Details

Type Journal Article
Scope Discipline-based scholarship
Title Problemstruktur, Eskalationsvoraussetzungen und eskalationsfördernde Bedingungen so genannter Rattenrennen
Organization Unit
Authors
  • Egon Franck
  • J C Müller
Item Subtype Original Work
Refereed Yes
Status Published in final form
Language
  • German
Journal Title Schmalenbachs Zeitschrift für betriebswirtschaftliche Forschung
Publisher Springer
Geographical Reach international
ISSN 0341-2687
Volume 52
Number 1
Page Range 3 - 26
Date 2000
Abstract Text The paper analyzes the economic structure of rat races, which either emerge in signaling (as a means of handling informational problems in labor markets) or in genuine tournaments. The unifying element of such contests is a rank-order reward structure. The pervasive phenomenon that contestants compete with too much effort or wasteful investments, cannot be explained in a satisfying manner if fully rational behavior is assumed. Therefore, systematic distortions of contestants' cost benefit rationales and their causes are an important issue of this paper which closes by addressing some institutional solutions to curb too much effort or wasteful investments in rat races.
Official URL http://www.wiso-net.de/webcgi?START=A60&DOKV_DB=ZGEH&DOKV_NO=ZFBF010001010&DOKV_HS=0&PP=1
Other Identification Number merlin-id:1316
PDF File Download from ZORA
Export BibTeX
EP3 XML (ZORA)