Splitting leagues or tournaments seems to be puzzling when agents are homogeneous and splitting leads to a negative … tournaments (i.e., tournaments that are intertemporally linked), which also enhances incentives. …

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 …

Tournaments are widely used in the economy to organize production and innovation. We study individual data on 2 …

The existing literature on the comparison of tournaments and piece rates as alternative incentive schemes has focused … suffciently convex, first-best effort will be more likely implemented under piece rates than under tournaments. Moreover, if first … tournaments given suffciently convex costs. While tournaments offer a partial insurance due to their fixed prizes, piece rates may …

tournaments and piece rates as alternative incentive schemes has focused on the case of unlimited liability. However, in practice … under piece rates than under tournaments. Moreover, if first-best implementation is not achieved and workers earn positive … rents, efforts and profits will be larger for piece rates than for tournaments given sufficiently convex costs. While …