depending on their valuations. In particular, we identify suffcient conditions for positive sorting, meaning that the share of … that negative rather than positive sorting may arise in equilibrium. Further results show how incumbency rents and sorting …

This paper investigates how heterogeneity in contestants ́investment costs affects the competition intensity in a …

This paper investigates how heterogeneity in contestants' investment costs affects the competition intensity in a …

.g., a bonus package. Two sorting patterns are possible: Positive sorting requires that each team consist of players of same … caliber, while negative sorting does the opposite. We characterize the optimum with respect to relevant environmental factors …, ranging from the degree of effort complementarity in the team production process and the curvature of effort cost functions to …

detrimental to firms. In addition, CfCA exacerbates the existing distortion in sorting of high-ability workers to firms: too many …-types' sorting improves when CfCA is low and remains the same when it is high. …

subsequent contest if the degree of heterogeneity in the current (subsequent) contest is sufficiently large (small). We confirm … are (i) less likely to be fielded when the heterogeneity in the current match increases and (ii) more likely to receive a … fifth yellow card in the current match when the heterogeneity in the next match increases or when the heterogeneity in the …