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Preemptive behavior in sequential tournaments
Jost, Peter-J.; Kräkel, Matthias - 2000
Rank-order tournaments are usually modeled simultaneously. However, real tournaments are often sequentially. We show that agents' strategic behavior significantly differs in sequential tournaments compared to simultaneous tournaments. In a sequential tournament, under certain conditions the...
Persistent link: https://www.econbiz.de/10011335241
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Preemptive behavior in sequential tournaments
Jost, Peter-J.; Kräkel, Matthias - 2000
Rank-order tournaments are usually modeled simultaneously. However, real tournaments are often sequentially. We show that agents' strategic behavior significantly differs in sequential tournaments compared to simultaneous tournaments. In a sequential tournament, under certain conditions the...
Persistent link: https://www.econbiz.de/10001502463
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Essays on employment protection
Kessing, Sebastian (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001790272
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Efficiency wages and negotiated profit-sharing under uncertainty
Göcke, Matthias - 2009
Efficiency wage effects of profit sharing are combined with option values related to stochastic future profit … variations. These option effects occur if the workers' profit share is fixed by long-term contracts. The Pareto-improving optimal … in a lower worker's profit ratio in both scenarios. …
Persistent link: https://www.econbiz.de/10003852227
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Efficiency wages and negotiated profit-sharing under uncertainty
Göcke, Matthias - 2009
Efficiency wage effects of profit sharing are combined with option values related to stochastic future pofit variations …. These option effects occur if the workers' profit share is fixed by long-term contracts. The Pareto-improving optimal level … worker's profit ratio in both scenarios. …
Persistent link: https://www.econbiz.de/10003903891
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Rank Order Contests with Sabotage : Equilibrium Analysis and Optimal Design
Liu, Haoming - 2016
We establish the existence and uniqueness of pure-strategy equilibrium in two-worker rank order contests with sabotage while allowing interdependent effects of productive and sabotage effort. We find that diverging marginal costs in workers' productive effort discourage sabotage activity. For...
Persistent link: https://www.econbiz.de/10012992767
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Preemptive Behaviour in Sequential Tournaments
Kräkel, Matthias; Jost, Peter J. - 2021
Rank-order tournaments are usually modeled simultaneously. However, real tournaments are often sequentially. We show that agents' strategic behavior significantly differs in sequential tournaments compared to simultaneous tournaments. In a sequential tournament, under certain conditions the...
Persistent link: https://www.econbiz.de/10013321270
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Incentive Schemes, Private Information and the Double-Edged Role of Competition for Agents
Bannier, Christina E.; Feess, Eberhard; Packham, Natalie; … - 2016
This paper examines the effect of imperfect labor market competition on the efficiency of compensation schemes in a … high degrees of vertical differentiation, i.e. low competition, low-ability agents are under-incentivized and exert too … little effort. For high degrees of competition, high-ability agents are over-incentivized and bear too much risk. For a range …
Persistent link: https://www.econbiz.de/10014162185
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Preemptive Behavior in Sequential Tournaments
Jost, Peter-Jürgen; Kräkel, Matthias - 2000
Rank-order tournaments are usually modeled simultaneously. However, real tournaments are often sequentially. We show that agents' strategic behavior significantly differs in sequential tournaments compared to simultaneous tournaments. In a sequential tournament, under certain conditions the...
Persistent link: https://www.econbiz.de/10010274313
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Free entry equilibria with positive profits : a unified approach to quantity and price competition games
Dos Santos Ferreira, Rodolphe; Dufourt, Frédéric - In: International journal of economic theory 3 (2007) 2, pp. 75-94
Persistent link: https://www.econbiz.de/10003572215