Using data from the Senior PGA Tours we analyze the incentive effects of rank order tournaments. Previous studies using data from the PGA Tour reached conflicting conclusions. To resolve the issue, the Senior PGA Tour was chosen for its unique format where players are not cut from the tournament...

Tournament theory provides important insights into organizational reward systems. It examines the incentive properties of reward systems based on rank‐order rather than absolute individual performance. Tournament theory may explain the pattern of managerial pay. It may also explain...

The study examines the different aspects of labor in the rural household economy. It identifies the factors that significantly determine the rural households' labor allocation decisions. Moreover, it also looks at how the availability and growth of rural nonagricultural employment opportunities...

The purpose of this paper is to pursue the implications of closing, in the sense of rendering determinate, the Sraffa equations of production, prices and distribution [Sraffa (1960)] by adding to them demand equations of the type estimated in Stone’s (1954) linear expenditure system. The...

<i>В работе рассматриваются противоречия системы функционирования рынка труда региона. Особое значение уделено проблеме формирования спроса и предложения...</i>

Household consumption needs are the principal element in determining human activities and their evolution has been closely related to the level and structure of production of goods and services. In periods of radical changes, as those that our country is currently experiencing, unfulfilled...