Dutcher, E. Glenn; Balafoutas, Loukas; Lindner, Florian; … - Institut für Finanzwissenschaft, Fakultät für … - 2013
Managers often use tournaments which motivate workers to compete for the top, compete to avoid the bottom, or both. In this paper we compare the effectiveness and efficiency of the corresponding incentive schemes. To do so, we utilize optimal contracts in a principal-agent setting, using a...
