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Two agents participate in a tournament that has two stages: intermediate and final. The results of the intermediate stage are privately observed by the principal who organizes the tournament. Prizes for the winner and the loser are exogenously given, but the principal can enhance effort...
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We consider a persuasion game between a decision-maker and a panel of biased experts. The decision-maker prefers to take an action in [0, 1] that matches the underlying state but relies on the experts to learn the state. Each expert has his `ideal` action or `agenda` and may conceal unfavorable...
Persistent link: https://www.econbiz.de/10010878521
Workers competing in a tournament for a prize (e.g., a promotion) often perform sequentially in multiple stages. When the firm is privately informed about the workers’ performance, it can sharpen incentives by strategically disclosing the intermediate results. But the policies that enhance...
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