In practice, two types of tournaments can be distinguished - U-type and J-type tournaments. In U-type tournaments, workers receive prizes that have been fixed in advance. In J-type tournaments, the employer fixes an aggregate wage bill in advance, which is then shared among the workers according...

We consider a dismissal tournament where the loser gets fired. Although the firm takes possible selection failures into account when choosing the optimal tournament design, the selection efficiency of a dismissal tournament is often rather low. This is because low-ability workers, possessing...

Personalwirtschaftliche Problemstellungen werden häufig aus Sicht der Personalabteilung diskutiert. Im Vordergrund stehen dabei administrative sowie verfahrenstechnische Fragen. Die vorliegende Arbeit beschäftigt sich hingegen mit Fragen der Karrierepolitik als Teil der Unternehmenspolitik....

This paper discusses the interrelation between the choice of technology and rent seeking. First, the players have to decide on the purchase of a technology. If the technology is acquired, realized profits are distributed via a rent-seeking contest. I can show that players will reject profitable...