This paper studies the problem of information revelation in a multi-stage tournament where the agents' effort in each …

Tournament incentive schemes offer payments dependent on relative performance and thereby are intended to motivate …

of our laboratory experiment is a two-stage tournament in which equilibrium efforts are the same in both stages. We … compare this treatment to a strategically equivalent one-stage tournament and to another two-stage tournament with a more … predictions and compared to the equivalent one-stage tournament. The results for the more convex two-stage tournament show that …

tournament system induces a higher total output than the optimum premium system. This result occurs because a promotion regime …

We utilize a laboratory experiment to compare effort provision under optimal tournament contracts with different … tournament contract incorporating both incentives at the top and at the bottom induces the highest effort, especially in larger …