Are 18 holes enough for Tiger Woods?

Oliver Gürtler

Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems from Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich

Abstract: This paper addresses the selection problem in promotion tournaments. I consider a situation with heterogeneous employees and ask whether an employer might be interested in repeating a promotion tournament. On the one hand, this yields a reduction in uncertainty over the employees’ abilities. On the other hand, there are costs if a workplace stays vacant.

Keywords: Promotion tournament; selection; heterogeneous employees; repetition (search for similar items in EconPapers)
JEL-codes: D82 M51 (search for similar items in EconPapers)
Date: 2005-05
New Economics Papers: this item is included in nep-spo
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Persistent link: https://EconPapers.repec.org/RePEc:trf:wpaper:44

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