Rank-Order Tournaments and Selection

D.J. Clark and Christian Riis ()

Memorandum from Oslo University, Department of Economics

Abstract: Rank order tournaments are often presented as incentive devices: a tournament in which the hardest working individual gains promotion to the next level in a firms' hierarchy may induce workers to exert extra effort for example. In this paper, we consider a tournament in which workers are expected to be heterogenous, so that the principal cares about who is promoted, worker ability is, however, unknown to the principal.

Keywords: ENTREPRISES; WORKERS; PROMOTION (search for similar items in EconPapers)
JEL-codes: C72 J41 (search for similar items in EconPapers)
Pages: 19 pages
Date: 1996
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Citations: View citations in EconPapers (7)

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Journal Article: Rank-order tournaments and selection (2001)
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