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Roman M. Sheremeta

Case Western Reserve University, USA; Economic Science Institute, USA

IZA World of Labor is an exciting and innovative project, aiming to start the conversation between academics, practitioners and policymakers regarding important labor issues. I am grateful to be a part of this project

IZA World of Labor role

Author

Current position

Assistant Professor of Economics, Case Western Reserve University

Research interest

Experimental and behavioral economics, conflict and conflict resolution, game theory, industrial organization, public economics, labor economics

Website

https://sites.google.com/site/romansheremeta/

Positions/functions as a policy advisor

Consultant, Alumni Fund Ukraine; Consultant, Smithsonian Institution

Past positions

Associate Professor of Economics, Chapman University

Qualifications

PhD Economics, Purdue University, 2009

Selected publications

  • “Principal-agent settings with random shocks.” Management Science 62 (2016): 985–999 (with J. Rubin).

  • “Overbidding and heterogeneous behavior in contest experiments.” Journal of Economic Surveys 27 (2013): 491–514.

  • “Communication and efficiency in competitive coordination games.” Games and Economic Behavior 76 (2012): 26–43 (with T. Cason and J. Zhang).

  • “Entry into winner-take-all and proportional-prize contests: An experimental study.” Journal of Public Economics 94 (2010): 604–611 (with T. Cason and W. Masters).

  • “Experimental comparison of multi-stage and one-stage contests.” Games and Economic Behavior 68 (2010): 731–747.

article(s)

  • The pros and cons of workplace tournaments

    Tournaments can outperform other compensation schemes such as piece-rate and fixed wage contracts

    Roman M. Sheremeta, October 2016
    Tournaments are commonly used in the workplace to determine promotion, assign bonuses, and motivate personal development. Tournament-based contracts can be very effective in eliciting high effort, often outperforming other compensation contracts, but they can also have negative consequences for both managers and workers. The benefits and disadvantages of workplace tournaments have been identified in an explosion of theoretical, empirical, and experimental research over the past 30 years. Based on these findings, suggestions and guidelines can be provided for when it might be beneficial to use tournaments in the workplace.
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