On the Role of Group Size in Tournaments: Theory and Evidence from Lab and Field Experiments
---- Acknowledgements -----
Thanks to Steve Levitt for excellent comments on an earlier version of this paper, and also to seminar participants at Harvard University, Princeton University, McGill University, Universidad Autonoma de Madrid, the University of Exeter, Ecole Polytechnique, Paris and the University of California-Santa Barbara for helpful comments. Jonathan Alevy, Roel Ikink, Stef van Kessel, Menusch Khadjavi and Michael Price provided excellent research assistance. Furthermore, we would like to thank NWO and the Erasmus Trust Fund for financial support. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.