oligopoly with multiple private firms. We derive the optimal incentive contract for a public firm that weighs both profit and …

abilities. This, in turn, has adverse consequences for who might want to participate in a tournament. Since better contestants … anticipate that they will be sabotaged more strongly, it may happen that the most able stay out and the tournament selects one of …

We propose a novel tournament design that incorporates the main properties of a round-robin tournament, a Swiss … tournament, and a race. Following an equilibrium analysis, we compare 36 tournament structures inherent in our model and several … well-known tournament models from the literature, on the basis of expected total equilibrium effort. We show that two of …