We propose a novel tournament design that incorporates the main properties of a round-robin tournament, a Swiss … tournament, and a race. Following an equilibrium analysis, we compare 36 tournament structures inherent in our model and several … well-known tournament models from the literature, on the basis of expected total equilibrium effort. We show that two of …

result of powerful managers setting their own pay. Others interpret high pay as the result of optimal contracting in a …

This paper develops a theory of oligopoly and markups in general equilibrium. Firms compete in a network of product … excess of 10 US$ trillions (against $3 trillions of profits). Oligopoly lowers total surplus by 11.5% and depresses consumer …

schemes: piece rate and a winner-take-all tournament. We introduce social incentives by informing individuals that 50% of … social incentives, women increase their performance by approximately 23% and 27% in the piece rate and tournament payment …

international Cournot oligopoly, we analyse incentives for using tax instruments strategically to shift rents vertically, between …