A Comparison of Tournaments and Contracts
收藏NBER1982-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w0840
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资源简介：
Tournaments, reward structures based on rank order, are compared with individual contracts in a model with one risk-neutral principal and many risk-averse agents. Each agents' output is a stochastic function of his effort level plus an additive shock term that is common to all the agents. The
提供机构：
美国国家经济研究局
创建时间：
1982-01-01
