Competition among volunteers

Franco Cugno; Mario Ferrero

doi:10.1016/j.ejpoleco.2003.10.009

Competition among volunteers

Franco Cugno
, Mario Ferrero

Research output: Contribution to journal › Article › peer-review

Abstract

Volunteer labor is analyzed as a selfish, rational investment activity that people undertake to compete for rents, or prizes, auctioned off by a nonmarket, output-maximizing organization. The model is located at the intersection of the tournament and rent-seeking literatures and proves that, with identical risk-neutral individuals, only two prizes, and free entry, the organization will find it optimal to set the bottom prize at zero and thus promote a volunteer contest. A broad range of real-world examples is shown to fit well with the model.

Original language	English
Pages (from-to)	637-654
Number of pages	18
Journal	European Journal of Political Economy
Volume	20
Issue number	3
DOIs	https://doi.org/10.1016/j.ejpoleco.2003.10.009
Publication status	Published - Sept 2004
Externally published	Yes

Keywords

Contests
Nonmarket organizations
Rent seeking
Volunteer labor

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10.1016/j.ejpoleco.2003.10.009

Cite this

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title = "Competition among volunteers",

abstract = "Volunteer labor is analyzed as a selfish, rational investment activity that people undertake to compete for rents, or prizes, auctioned off by a nonmarket, output-maximizing organization. The model is located at the intersection of the tournament and rent-seeking literatures and proves that, with identical risk-neutral individuals, only two prizes, and free entry, the organization will find it optimal to set the bottom prize at zero and thus promote a volunteer contest. A broad range of real-world examples is shown to fit well with the model.",

keywords = "Contests, Nonmarket organizations, Rent seeking, Volunteer labor",

author = "Franco Cugno and Mario Ferrero",

year = "2004",

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AU - Ferrero, Mario

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AB - Volunteer labor is analyzed as a selfish, rational investment activity that people undertake to compete for rents, or prizes, auctioned off by a nonmarket, output-maximizing organization. The model is located at the intersection of the tournament and rent-seeking literatures and proves that, with identical risk-neutral individuals, only two prizes, and free entry, the organization will find it optimal to set the bottom prize at zero and thus promote a volunteer contest. A broad range of real-world examples is shown to fit well with the model.

KW - Contests

KW - Nonmarket organizations

KW - Rent seeking

KW - Volunteer labor

UR - https://www.scopus.com/pages/publications/4344605040

U2 - 10.1016/j.ejpoleco.2003.10.009

DO - 10.1016/j.ejpoleco.2003.10.009

M3 - Article

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VL - 20

SP - 637

EP - 654

JO - European Journal of Political Economy

JF - European Journal of Political Economy

IS - 3

ER -

Competition among volunteers

Abstract

Keywords

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