studies managers who participate repeatedly in a high-powered tournament incentive system, learning relative performance each …

A multi-tournament environment is analyzed, focusing on the impact of organizer market structure on agent entry … behavior. Two high ability agents first decide which tournament to enter (with fields then filled by low ability agents). If …

assuming the principal to be unable to commit to a certain policy at the beginning of the tournament. Our analysis shows that …

-order tournament. Perceived entitlements are sensitive to how hard an agent has worked relative to her rival, and agents are loss … averse around their meritocratically determined endogenous reference points. In a fair tournament sufficiently large desert … average. In an unfair tournament, where one agent is advantaged, the equilibrium is symmetric in the absence of desert, but …

sequential tournament, under certain conditions the first acting agent chooses a preemptively high effort so that the following …

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 …

the tournament even further since output tends to become more slipshod. …