Tournaments represent an increasingly important component of organizational compensation systems. While prior research … focused on fixed-prize tournaments, i.e., on tournaments where the prize or prize sum to be awarded is set in advance, we …-prize tournaments, are based on relative performance, the prize to be awarded is not set in advance but is a function of the firm …

distributions are uncertain, models of ambiguity aversion suggest that tournaments may become more attractive than independent wage … tournaments and independent contracts, which are designed in a way that under uncertainty about output distribution (that is …, under ambiguity), ambiguity averse agents should typically prefer tournaments, while ambiguity neutral agents prefer …

Envy and altruism have been studied extensively in adults. Here, we report data from an experiment studying envious and … treatments. One treatment investigates envy, the other one studies altruism. Additionally, we collect data on the children …