This paper develops a model in which market structure is determined endogenously by the choice of intermediation mode …. We consider two representative business modes of intermediation that are widely used in real-life markets: one is a … our model, buyers and sellers can simultaneously search in an outside market and use the intermediation service. We show …

evaluates that literature, clarifies what tournament theory predicts about the relationship, identifies methodological pitfalls … relationship between pay disparity and firm performance. Tournament theory offers a unified framework that can explain an inverted …

consistent with the theory) is that the adoption of both self-managed online teams and cross-functional offline teams usually … in firms with joint labor-management committees. We also confirm implications from our theory that firms in more …

-based tournament theory to allow executives to choose the luck variance reveals that executives infuse their tournaments with a high …