所属栏目:银行与金融机构/金融与宏观经济

摘要

This paper studies how dividing candidates in a tournament into separate tracks with differentiated performance criteria affects incentives and aggregate outcomes. We exploit China’s Major Function Oriented Zoning plan, which assigns counties to devel-opment or conservation tracks, with the latter de-emphasizing growth indicators. Using a staggered Difference-in-Differences design, we find that prefectures introducing a con-servation track achieved higher aggregate economic performance despite relaxing growth-based evaluation for part of their subordinate counties. To explain this counterintuitive ef-fect, we develop a stylized Tullock contest model that highlights two institutional features: promotion opportunities remain open to officials in both tracks, and counties within the same prefecture continue to interact across tracks. The model further predicts an inverted U-shaped relationship between the size of the conservation track and overall performance, which is supported by empirical evidence.
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Guangyu Cao; Shenghao He; Changzhou Ma; Li-An Zhou Multitracking within a Multitasking Tournament: Evidence and Theory from China (2026年07月23日) https://www.cfrn.com.cn/lw/16810.html

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