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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, whereas the opposite holds for small numbers of workers. …
Persistent link: https://www.econbiz.de/10005032206
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. …
Persistent link: https://www.econbiz.de/10005823408
This paper studies the supply and demand for on-the- job training when the success of training is stochastic, firms have to pay hiring costs when they hire skilled workers from the outside, and firms have strictly concave production functions. There are predictions about firm level dynamics and...
Persistent link: https://www.econbiz.de/10005827169
Stock option grants to top managers have largely contributed to the dramatic increase in US executive pay in recent years. In this paper it is argued that stock options, compared to other forms of compensation, have created strong incentives for managers to engage in lobbying activities for...
Persistent link: https://www.econbiz.de/10005627770
-order tournaments which are frequently used in practice. Tournaments seem to be an appropriate starting point for this concept because … from emotional workers. In this case, he clearly prefers unfair to fair tournaments. Furthermore, the concept of emotions … is used to explain the puzzling findings on the oversupply of effort in experimental tournaments. …
Persistent link: https://www.econbiz.de/10005785821
Rank-order tournaments are usually modeled simultaneously. However, real tournaments are often sequential. We show that … agents’ strategic behavior in sequential-move tournaments significantly differ from the one in simultaneous-move tournaments …
Persistent link: https://www.econbiz.de/10004968396
analyzed by focusing on three incentive schemes that are frequently used in practice: tournaments, bonuses and piece rates. We …
Persistent link: https://www.econbiz.de/10005703572
analysed by focusing on three incentive schemes that are frequently used in practice: tournaments, bonuses and piece rates. We …
Persistent link: https://www.econbiz.de/10005001507
hypothesize that the effects of gender stereotypes make occupational tournaments unfair. As a consequence, male workers have … occur, making tournaments less fair, the unexplained component of the gender pay gap is higher. …
Persistent link: https://www.econbiz.de/10010587727
I explore the nature of optimal static and dynamic contracts in an environment with moral hazard, where individuals contracting with the same principal receive correlated productivity shocks. The environment resembles the one considered in relative compensation theory ( i.e tournament theory),...
Persistent link: https://www.econbiz.de/10005561501