Heterogeneity, Tournaments, and Hierarchies
Heterogeneity, Tournaments, and Hierarchies
复制标题
异质性、锦标赛和等级制度
DOI:
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发表时间:
1988
影响因子:
8.2
通讯作者:
Luis Guasch
中科院分区:
文献类型:
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作者:
S. Bhattacharya;Luis Guasch
Tournament contracts are characterized that simultaneously elicit first-best efficient effort levels and self-selection of risk-neutral heterogeneous workers into ability-specific contracts. Comparisons across self-selected ability types are shown to be sometimes necessary to attain efficiency. Rationales are explored for not commonly observing such contracts in hierarchical organizations.