A comparison of cardinal tournaments and piece rate contracts with liquidity constrained agents

A comparison of cardinal tournaments and piece rate contracts with liquidity constrained agents

Acelebrated result in the theory of tournaments is that relative performance evaluation (tournaments) is a superior compensation method to absolute performance evaluation (piece rate contracts) when the agents are risk-averse, the principal is risk-neutral or less risk-averse than the agents and pro...

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Bibliographic Details
Main Authors: MARINAKIS, Kosmas, TSOULOUHAS, Theofanis
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2012
Subjects:
Piece rates
Tournaments
Contests
Liquidity constraints
Economic Theory
Online Access:https://ink.library.smu.edu.sg/soe_research/2344
https://ink.library.smu.edu.sg/context/soe_research/article/3343/viewcontent/Marinakis_Tsoulouhas2012_Article_AComparisonOfCardinalTournamen.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/soe_research/2344
https://ink.library.smu.edu.sg/context/soe_research/article/3343/viewcontent/Marinakis_Tsoulouhas2012_Article_AComparisonOfCardinalTournamen.pdf

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