The predictions that emerge from tournament theory have been tested in a number of sports-related settings. Since sporting events involving individuals (golf, tennis, running, auto racing) feature rank order tournaments with relatively large payoffs and easily observable outcomes, sports is a...

Emphasizing the existence of information asymmetries between, e.g., young academics and potential employers, signaling theory has shaped our understanding of how high-ability students try to document their superior skills in a competitive environment such as the labor market: high-ability...