Kräkel, Matthias - In: Journal of Institutional and Theoretical Economics (JITE) 158 (2002) 4, pp. 614-614
In practice, two types of tournaments can be distinguished - U-type and J-type tournaments. In U-type tournaments …, workers receive prizes that have been fixed in advance. In J-type tournaments, the employer fixes an aggregate wage bill in …-type tournaments if the number of workers is large, but the opposite if it is small. …