English, Article, Journal or magazine article edition: Delegation and Strategic Compensation in Tournaments Matthias Kräkel

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Bookmark: http://trove.nla.gov.au/version/52906
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Delegation and Strategic Compensation in Tournaments
Author
  • Matthias Kräkel
Physical Description
  • preprint
Notes
  • This paper considers a two-stage game with two owners and two managers. On the first stage, the owners choose a linear combination of profits and sales as incentives for their managers. On the second stage, the two managers compete in a tournament against each other. In a symmetric equilibrium, both owners induce their managers to maximize profits. In asymmetric equilibria, however, one owner puts a positive weight on sales and the other a negative weight.
  • RePEc:bon:bonedp:bgse17_2000
Language
  • English
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