The problem of the principal-agent and promotion tournaments in religious organizations: choosing the next pope
AbstractThis paper shows an application of Promotion Tournaments to religious organizations, which is appropriate, especially in the case of highly ranked institutions such as the Catholic Church. With this objective, we seek to verify the suitability of the use Tournaments in religious organizations, regarding the optimal structure of contracts in order to select, as well as, to promote clerics. Two models are addressed, modified from the originals, through the inclusion of psychic income, both with two clerics with homogeneous skills. Finally, we discuss the advantages and limitations of the Tournaments applied to religious organizations, including its risks and distortions therein.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 44610.
Date of creation: 14 Feb 2013
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Religious Organizations; Catholic Church; Tournaments;
Find related papers by JEL classification:
- J33 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Compensation Packages; Payment Methods
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-03-16 (All new papers)
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- Ehrenberg, Ronald G & Bognanno, Michael L, 1990.
"Do Tournaments Have Incentive Effects?,"
Journal of Political Economy, University of Chicago Press,
University of Chicago Press, vol. 98(6), pages 1307-24, December.
- Charles Zech, 2001. "An agency analysis of church-pastor relations," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 22(6), pages 327-332.
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