English, Article, Journal or magazine article edition: U-type versus J-type Tournaments as Alternative Solutions to the Unverifiability Problem Matthias Kräkel

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Bookmark: http://trove.nla.gov.au/version/52335
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • U-type versus J-type Tournaments as Alternative Solutions to the Unverifiability Problem
Author
  • Matthias Kräkel
Physical Description
  • preprint
Notes
  • This paper discusses the properties of stylized U.S. ("U-type") and Japanese tournaments ("J-type"), which can both solve the unverifiability problem of labor contracts. Under a zero-profit condition, both tournament types will yield first-best efforts if workers are homogenous and risk neutral. This result will no longer hold for J-type tournaments if the employer has all the bargaining power. However, if workers are rik averse or one worker has a lead a J-type tournament may dominate a U-type tournament.
  • Strategic Delegation, Mergers, Oligopoly, Contests
  • RePEc:bon:bonedp:bgse3_2002
Language
  • English
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e.g. test cricket, Perth (WA), "Parkes, Henry"

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