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Are 18 holes enough for Tiger Woods?

By Oliver Gürtler

Abstract

This paper addresses the selection problem in promotion tournaments. I consider a situation with heterogeneous employees and ask whether an employer might be interested in repeating a promotion tournament. On the one hand, this yields a reduction in uncertainty over the employees` abilities. On the other hand, there are costs if a workplace stays vacant.Promotion tournament, selection, heterogeneous employees, repetition

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Citations

  1. (1983). A Comparison of Tournaments and Contracts.
  2. (1991). Learning from Coarse Information: Biased Contests and Career Profiles.
  3. (2003). Note: Risk taking in selection contests.
  4. (1986). Prizes and Incentives in Elimination Tournaments.
  5. (1983). Prizes and Incentives: Towards a General Theory of Compensation and Competition.
  6. (2001). Rank-order Tournaments and Selection.
  7. (1981). Rank-order tournaments as optimum labor contracts.

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