The Optimality of Heterogeneous Tournaments
نویسندگان
چکیده
منابع مشابه
The Optimality of Heterogeneous Tournaments
We investigate the e¤ect of employee heterogeneity on the incentive to put forth e¤ort in a market-based tournament. Employers use the tournaments outcome to estimate employees abilities and accordingly condition their wage o¤ers. Employees put forth e¤ort, because by doing so they increase the probability of outperforming the rival, thereby increasing their ability assessment and thus the wa...
متن کاملThe optimal allocation of prizes in tournaments of heterogeneous agents∗
Tournaments are widely used in organizations, explicitly or implicitly, to reward the best-performing employees, e.g., through promotion or bonuses, and/or to punish the worst-performing employees, e.g., through firing or unfavorable job assignments. We explore the impact of the allocation of prizes on the effectiveness of tournament incentive schemes. We show that while multiple prize allocati...
متن کاملOn the Optimality of Dubins Paths across Heterogeneous Terrain
We derive optimality conditions for the paths of a Dubins vehicle when the state space is partitioned into two patches with different vehicle’s forward velocity. We recast this problem as a hybrid optimal control problem and solve it using optimality principles for hybrid systems. Among the optimality conditions, we derive a “refraction” law at the boundary of the patches which generalizes the ...
متن کاملPreemptive Behavior in Sequential-Move Tournaments with Heterogeneous Agents
Rank-order tournaments are usually modeled simultaneously. However, real tournaments are often sequential. We show that agents’ strategic behavior in sequential-move tournaments significantly differ from the one in simultaneous-move tournaments: In a sequential-move tournament with heterogeneous agents, there may be either a first-mover or a second-mover advantage. Under certain conditions the ...
متن کاملthe effect of taftan pozzolan on the compressive strength of concrete in the environmental conditions of oman sea (chabahar port)
cement is an essential ingredient in the concrete buildings. for production of cement considerable amount of fossil fuel and electrical energy is consumed. on the other hand for generating one tone of portland cement, nearly one ton of carbon dioxide is released. it shows that 7 percent of the total released carbon dioxide in the world relates to the cement industry. considering ecological issu...
ذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2013
ISSN: 1556-5068
DOI: 10.2139/ssrn.2196534