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THE OPTIMAL ALLOCATION OF PRIZES IN TOURNAMENTS OF HETEROGENEOUS AGENTS.

Tournaments are widely used in organizations, explicitly or implicitly, to reward the best-performing employees, for example, by promotion or bonuses, and/or to penalize the worst-performing employees, for example, by demotion, withholding bonuses, or unfavorable job assignments. These incentive sch...

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Published in:Economic Inquiry Vol. 55; no. 1; pp. 461 - 479
Main Authors: Balafoutas, Loukas, Dutcher, E. Glenn, Lindner, Florian, Ryvkin, Dmitry
Format: Article
Published: Wiley-Blackwell Jan2017
Subjects:
Labor incentives
Employee reviews
Performance evaluation
Tournaments
Economic research
Online Access:View this record in EBSCOhost

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