The essential economics of threshold-based incentives: Theory, estimation, and evidence from the Western States 100

B-Tier
Journal: Journal of Economic Behavior and Organization
Year: 2016
Volume: 130
Issue: C
Pages: 180-197

Score contribution per author:

2.018 = (α=2.02 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Many public and private entities utilize incentive systems in which improvements in measured performance are rewarded only when the agent crosses some pre-specified threshold. This paper comprehensively analyzes the effects of these incentive systems on effort, the net benefits of effort, and the accuracy of information about agents’ performance, and lays out methods for estimating each. These methods are then used to reveal the motivations, physiological limits, and racing strategy of ultramarathoners trying to complete a one hundred mile race in under twenty-four hours.

Technical Details

RePEc Handle
repec:eee:jeborg:v:130:y:2016:i:c:p:180-197
Journal Field
Theory
Author Count
1
Added to Database
2026-01-25