Rank-Order Tournaments and Selection
AbstractRank order tournaments are often presented as incentive devices: a tournament in which the hardest working individual gains promotion to the next level in a firms' hierarchy may induce workers to exert extra effort for example. In this paper, we consider a tournament in which workers are expected to be heterogenous, so that the principal cares about who is promoted, worker ability is, however, unknown to the principal.
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Bibliographic InfoPaper provided by Oslo University, Department of Economics in its series Memorandum with number 27/1996.
Length: 19 pages
Date of creation: 1996
Date of revision:
Contact details of provider:
Postal: Department of Economics, University of Oslo, P.O Box 1095 Blindern, N-0317 Oslo, Norway
Phone: 22 85 51 27
Fax: 22 85 50 35
Web page: http://www.oekonomi.uio.no/indexe.html
More information through EDIRC
ENTREPRISES; WORKERS; PROMOTION;
Other versions of this item:
- J41 - Labor and Demographic Economics - - Particular Labor Markets - - - Labor Contracts
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Clark, D.J. & Riis, C., 1996.
"Rank-Order Tournaments and Selection,"
27/1996, Oslo University, Department of Economics.
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"Rank-order tournaments and selection,"
Journal of Economics,
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- Oliver Gürtler, 2005. "Are 18 holes enough for Tiger Woods?," Bonn Econ Discussion Papers bgse5_2005, University of Bonn, Germany.
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- Gürtler, Oliver, 2005. "Are 18 holes enough for Tiger Woods?," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 44, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Derek Clark & Christian Riis, 2007. "Contingent payments in selection contests," Review of Economic Design, Springer, vol. 11(2), pages 125-137, September.
- Laurent Franckx & Isabelle Brose, 2004. "A theoretical framework for incentives in the public sector," Economics Bulletin, AccessEcon, vol. 10(2), pages 1-8.
- Münster, Johannes, 2006. "Selection Tournaments, Sabotage, and Participation," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 118, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Gürtler, Marc & Gürtler, Oliver, 2013. "The optimality of heterogeneous tournaments," Working Papers IF42V1, Technische Universität Braunschweig, Institute of Finance.
- Oliver Gürtler, 2010. "Collusion in homogeneous and heterogeneous tournaments," Journal of Economics, Springer, vol. 100(3), pages 265-280, July.
- repec:ebl:ecbull:v:10:y:2004:i:2:p:1-8 is not listed on IDEAS
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