Mackenzie, Ian A.; Hanley, Nick; Kornienko, Tatiana - 2008
(distributionofpermitstothemarket). Furthermore, weinvestigatethefactors
that determine the regulator�s choice of optimal permit allocation schedules.
Keywords: Rank-order …: rank-ordertournaments
and rank-order contests. The distinction between the two rests on the relationship
between agents …�unobservable e�ort and observable actions. Rank-order tournaments
are incentive schemes used in situations where �rms�performance is …