U-type versus J-type tournaments
AbstractIn practice, two types of tournaments can be distinguished - U-type and J-type tournaments. In U-type tournaments, workers receive prizes that have been fixed in advance. In J-type tournaments, the employer fixes an aggregate wage bill in advance, which is then shared among the workers according to their relative performance. The results of the paper show that the outcomes of the two tournament types substantially differ. Especially, an employer will prefer J-type to U-type tournaments if the number of workers is large, whereas the opposite holds for small numbers of workers.
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Bibliographic InfoPaper provided by University of Bonn, Germany in its series Bonn Econ Discussion Papers with number bgse34_2001.
Date of creation: Nov 2001
Date of revision:
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collusion; human capital; relative deprivation; tournaments;
Other versions of this item:
- Matthias Kräkel, 2002. "U-Type versus J-Type Tournaments," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 158(4), pages 614-, December.
- J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs
- M1 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration
This paper has been announced in the following NEP Reports:
- NEP-ALL-2002-02-10 (All new papers)
- NEP-GTH-2002-02-15 (Game Theory)
- NEP-LAB-2002-02-10 (Labour Economics)
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