Dawid, Herbert; Mitkova, Mariya; Zaharieva, Anna - In: Journal of Economics & Management Strategy 32 (2022) 1, pp. 100-131
We study optimal promotion decisions of hierarchical firms, with one junior and one senior managerial position, which interact in a search and matching labour market. Workers acquire experience over time while being employed in a junior position and the firm has to determine the experience level...