Are 18 Holes Enough for Tiger Woods?
This article addresses the selection problem in promotion tournaments. I consider a situation with heterogeneous employees and ask whether an employer might be interested in repeating a promotion tournament. On the one hand, this yields a reduction in uncertainty over the employees' abilities. On the other hand, there are costs if a workplace stays vacant. Copyright Blackwell Publishers Ltd and the Board of Trustees of the Bulletin of Economic Research, 2006.
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Volume (Year): 58 (2006)
Issue (Month): 3 (07)
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