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We show that establishing an internal labor market by offering combined contracts across hierarchy levels strictly dominates external recruitment when workers are homogeneous. The reason is that only an internal labor market can exploit higher tier rents for incentive provision on lower tiers....
Persistent link: https://www.econbiz.de/10011048204
We analyse how a change in the probability of winning a tournament affects an agent's effort using the qualification rules for entry into the group and playoff stages of the UEFA Champions' League. Our results suggest that increasing the number of slots that a national league gets in the...
Persistent link: https://www.econbiz.de/10011214033
This note describes the effects on human capital formation of rank-order tournaments offering identical prizes to a …
Persistent link: https://www.econbiz.de/10011199676
tournaments, market-based tournaments, and performance standards can be sharply distinguished when promotions induce worker effort …. I also show that market-based tournaments with effort choices can be sharply distinguished from those with human capital … propose a new approach – also requiring simultaneous equations – for empirically distinguishing between classic tournaments …
Persistent link: https://www.econbiz.de/10009372482
-pay auctions and rank-order tournaments. This survey provides a comprehensive review of experimental research on these three …
Persistent link: https://www.econbiz.de/10011111456
-pay auctions and rank-order tournaments. This survey provides a review of experimental research on these three canonical contests …
Persistent link: https://www.econbiz.de/10010575500
-pay auctions and rankorder tournaments. This survey provides a review of experimental research on these three canonical contests …
Persistent link: https://www.econbiz.de/10010956218
In speedboat racing in Japan, women racers participate and compete in races under the same conditions as men, and all individuals are randomly assigned to mixed-gender or single-gender groups for each race. In this paper we use a sample of over 140,000 observations of individual-level racing...
Persistent link: https://www.econbiz.de/10011653112
analyzed by focusing on three incentive schemes that are frequently used in practice: tournaments, bonuses and piece rates. We …
Persistent link: https://www.econbiz.de/10010262021
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. …
Persistent link: https://www.econbiz.de/10010263059