Rank-Order Tournaments as Optimum Labor Contracts

Keywords

Rank (graph theory), Incentive, Adverse selection, Order (exchange), Compensation (psychology)

References

• Some results on incentive contracts with applications to education and employment, health insurance, and law enforcement.M Harris, A Raviv — 1978
• The Economic Theory of Agency: The Principal's ProblemStephen A. Ross — 1973
• The Optimal Structure of Incentives and Authority Within an OrganizationJames A. Mirrlees — 1976
• Incentives, Risk, and Information: Notes Towards a Theory of HierarchyJoseph E. Stiglitz — 1975
• A model of insurance markets with incomplete informationCharles Wilson — 1977
• Why Is There Mandatory Retirement?Edward P. Lazear — 1979
• Choice, Chance, and the Personal Distribution of IncomeMilton Friedman — 1953
• Production, Information Costs, and Economic OrganizationArmen A. Alchian, Harold Demsetz — 1975
• Law Enforcement, Malfeasance, and Compensation of EnforcersGary S. Becker, George J. Stigler — 1974
• On the method of paired comparisons.P. A. P. Moran — 1947
• THE MOST SUITABLE PROPORTION BETWEEN THE VALUES OF FIRST AND SECOND PRIZESF. GALTON — 1902
• Selecting and Ordering Populations: A New Statistical MethodologyMTW, Jean Dickinson Gibbons, Ingram Olkin — 1977
• Job Market SignalingMichael Spence — 1973
• The Method of Paired Comparisons.R. N. Curnow, H. A. David — 1964

Cited by

• Stochastic stability and equilibrium selection in gamesAlexander Matros — 2001
• Essays on Industrial Organization and Environmental EconomicsCristina M. Reiser — 2012
• Why Do Entrepreneurs Hold Large Ownership Shares? Testing Agency Theory Using Entrepreneur Effort and WealthMarianne Bitler, Tobias J. Moskowitz, Annette Vissing‐Jørgensen — 2002
• Managerial Labor Market Frictions and Corporate InvestmentAshwini K. Agrawal, Alexander Ljungqvist — 2014
• Optimal Timing of Selection ContestsDmitry Lubensky, Michael Stevens — 2012
• Does corporate governance impact on the sustainable return of IPOs? A comparative analysis of China and New Zealand IPOs listed between 1999 and 2004Gaoxiang Wang — 2013
• Overcoming Overconfidence: Teamwork and Self-ControlAnastassia Fedyk — 2015
• The Carrot Vs. the Stick in WorkDavid L. Dickenson — 2000
• Recognition in the ClassroomNicky Hoogveld — 2013
• Wage dispersion in non-profit organizations. Do volunteers, donations and public subsidies have an impact?Astrid Haider, Ulrike Schneider — 2010
• Pay Dispersion and Performance in TeamsG. F. Cushing — 2014
• EFFORT, RACE GAPS, AND AFFIRMATIVE ACTION: A GAME-THEORETIC ANALYSIS OF COLLEGE ADMISSIONSBrent Hickman — 2009
• CEO pay slice and firm value: evidence from UK panel dataValentina Tarkovska — 2017
• Staffing strategies in SME's: determinants of external recruitment and internal promotionFibla Gasparín, Ma Teresa — 2010
• Rank-order tournaments as selection mechanisms: Applications in project financeCornelia Kaldewei — 2007
• Effort Provision in a Game of LuckJerry Wright — 2021
• Industrial Relations Research Association SeriesRichard B. Freeman — 1994
• The Organization of Knowledge-Intensive Production: Hierarchies and Specialization in Legal ServicesLuis Garicano, Thomas N. Hubbard — 2004
• Anreize zu produktiven und destruktiven Anstrengungen durch relative EntlohnungChristine Harbring, Bernd Irlenbusch — 2004
• Who Will Survive? A Competing Risks Analysis of Interdependent Top Executive Turnover EventsStefan Hilger, Ansgar Richter, Utz Schäffer — 2011

Related papers

• Adverse Selection and Moral Hazard in National Student LoanYang De-qian — 2008
• Optimal Contracts for Agents with Adverse SelectionChao Li, Zhijian Qiu — 2020
• The Positive Investigation on the Long-term Incentive Compensation of Educated StaffTing Wang — 2005
• Selective Applications of Incentive CompensationYuan Zhao — 2008
• Piece-Rate Incentive SchemesRobert Gibbons — 1987
• The Effect of Incentive Contracts on Learning and PerformanceGeoffrey B. Sprinkle — 2000
• The Role of Communication of Performance SchemesFlorian Englmaier, Andreas Roider, Uwe Sunde — 2014
• The Impact of Indirect Compensation on Employee performance: an OverviewMashal Ahmed, Abu Bakar Ahmed — 2014