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Promotion tournaments play an important role for the provision of incentives in firms. In this paper, we extend research on single-stage rank-order tournaments and analyze behavior in multi-stage elimination tournaments. The main treatment of our laboratory experiment is a two-stage tournament...
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This paper develops a theory of contests based on perceived abilities, and provides evidence for the predictions of … this theory using panel data from professional soccer. We examine how soccer players perform in club matches during the … significant effect. We also find support for the theory that players whose nomination is close to certain reduce their effort in …
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In the German automobile industry the vertical integration, as an indicator of value added, is on average low. Beyond the argument of relative high labour costs for manufacturing, several specific reasons for the level of vertical integration, linked to the flexibility of business administration...
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