Are 18 holes enough for Tiger Woods?

Oliver Gürtler ()

Bonn Econ Discussion Papers from University of Bonn, Germany

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: 2005-02
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Working Paper: Are 18 holes enough for Tiger Woods? (2005)
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