Are 18 Holes Enough for Tiger Woods?

Oliver Gürtler

Bulletin of Economic Research, 2006, vol. 58, issue 3, 267-284

Abstract: This article 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.

Date: 2006
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