Tanaka, Ryuichi; Ishino, Kazutoshi - In: Journal of the Japanese and International Economies 26 (2012) 3, pp. 393-404
This paper studies the effects of the levels and the structure of prizes on the efforts of agents with heterogeneous ability in a tournament model. In particular, we examine how the presence of a highly able agent affects the effort levels of other agents as well as the effects of the total and...