Rank-order tournaments and selection
Rank 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.
(This abstract was borrowed from another version of this item.)
Volume (Year): 73 (2001)
Issue (Month): 2 (June)
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