rate, a tournament or a revenue-sharing scheme. We find that output is higher in the variable pay schemes (piece rate …, tournament, and revenue sharing) compared to the fixed payment scheme. This difference is largely driven by productivity sorting …

A standard tournament contract specifies only tournament prizes. If agents’ performance is measured on a cardinal … scale, the principal can complement the tournament contract by a gap which defines the minimum distance by which the best … performing agent must beat the second best to receive the winner prize. We analyze a tournament with two risk averse agents …

players improve the performance of four teams which participate in a tournament, such as in the UEFA Champions League (UCL …

This experiment compares the performance of two contest designs: a standard winner-take-all tournament with a single …-take-all tournament. The proportional-prize contest performs better by limiting the degree to which heterogeneity among contestants …

such doping within a tournament game between two heterogeneous players. Three major effects are identified which determine …

assuming the principal to be unable to commit to a certain policy at the beginning of the tournament. Our analysis shows that …

- players is high or low, while the most efficient team of the tournament is not affected by the wage structure. The U …