G2TT
来源类型Discussion paper
规范类型论文
来源IDDP637
DP637 Biased Contests and Moral Hazard: Implications for Career Profiles
Margaret Meyer
发表日期1992-02-29
出版年1992
语种英语
摘要We study the design of a sequence of two contests between a pair of identical risk averse employees whose effort choices are private information. It is optimal for the organization to `bias' the second contest in favor of the early winner - the reduction in second-period incentives is outweighed by the increase in first-period incentives. Thus, even though first-period success reflects only transitory shocks and not ability, it is efficient to structure the contests so these shocks have persistent effects on employees' careers.
关键词Bias Career profiles Contests Moral hazard Organizations
URLhttps://cepr.org/publications/dp637
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/529787
推荐引用方式
GB/T 7714
Margaret Meyer. DP637 Biased Contests and Moral Hazard: Implications for Career Profiles. 1992.
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