In practice, two types of tournaments can be distinguished - U-type and J-type tournaments. In U-type tournaments …, workers receive prizes that have been fixed in advance. In J-type tournaments, the employer fixes an aggregate wage bill in …-type tournaments if the number of workers is large, whereas the opposite holds for small numbers of workers. …

In practice, two types of tournaments can be distinguished - U-type and J-type tournaments. In U-type tournaments …, workers receive prizes that have been fixed in advance. In J-type tournaments, the employer fixes an aggregate wage bill in …-type tournaments if the number of workers is large, whereas the opposite holds for small numbers of workers. …

Splitting leagues or tournaments seems to be puzzling when agents are homogeneous and splitting leads to a negative … used as a divide-and-rule strategy by the principal to create additional incentives when collusion among the agents is … tournaments (i.e., tournaments that are intertemporally linked), which also enhances incentives. …

the latter, corporate bureaucratic teams broke up into tournaments in which managers competed for advancement toward the …-protection, these tournaments turned managers into a special class of shareholders. And, like any other shareholder, managers sought to …