This paper studies the problem of information revelation in a multi-stage tournament where the agents’ effort in each stage gives rise to a stochastic performance signal privately observed by the principal. The principal controls the agents’ effort incentive through the use of a feedback...

This paper studies the issue of designing an optimal organizational form: design for sub-units’ task allocation, decision-making structure, and incentive schemes for organizational members. Depending on the way tasks are allocated between the sub-units, and whether decision-making is...