Rank-order tournaments are usually modeled simultaneously. However, real tournaments are often sequentially. We show … that agents' strategic behavior significantly differs in sequential tournaments compared to simultaneous tournaments. In a … agent gives up. In general, the principal will prefer simultaneous tournaments in which preemptive behavior is impossible. …

recruitment is observable on nearly any hierarchy level. We explain these empirical puzzles by combining job-promotion tournaments … recruitment ; job promotion ; limited liability ; tournaments …