differences in betting odds or rankings to measure ability differences, our results support standard tournament theory as we find …

abilities. This, in turn, has adverse consequences for who might want to participate in a tournament. Since better contestants … anticipate that they will be sabotaged more strongly, it may happen that the most able stay out and the tournament selects one of …

This experiment compares the performance of two contest designs: a standard winner-take-all tournament with a single …-take-all tournament. The proportional-prize contest performs better by limiting the degree to which heterogeneity among contestants …

A standard tournament contract specifies only tournament prizes. If agents’ performance is measured on a cardinal … scale, the principal can complement the tournament contract by a gap which defines the minimum distance by which the best … performing agent must beat the second best to receive the winner prize. We analyze a tournament with two risk averse agents …

such doping within a tournament game between two heterogeneous players. Three major effects are identified which determine …

assuming the principal to be unable to commit to a certain policy at the beginning of the tournament. Our analysis shows that …

between the agents and thus creates a distortion of efficiency in the coalition. We employ a simple tournament setting where …