Tournaments with ex post heterogeneous agents
This paper compares relative performance evaluation via tournaments to absolute performance evaluation via piece rates when agents are heterogeneous ex post, to make the point that agent heterogeneity compromises the insurance function of tournaments. In particular, we show that the more heterogeneo...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2007
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soe_research/2346 https://ink.library.smu.edu.sg/context/soe_research/article/3345/viewcontent/Tournaments___AV.pdf |
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| Institution: | Singapore Management University |
| Language: | English |