Tournament theory is useful for describing behavior when reward structures are based on
relative rank rather than absolute levels of output. Accordingly, management scholars have …

Contrary to popular opinion, human resources, in general, and personnel, in particular, are
well-suited to economic analysis. Edward Lazear, who founded the subfield of personnel …

This study examines aspects of pay and promotion in corporate hierarchies in the context of
tournament theory. Evidence supports the tournament perspective in that most positions are …

Die Neuauflage berücksichtigt die Umstellung der Diplomstudiengänge auf Bachelor und
Master, so daß das Buch sowohl für Bachelor-Einführungsveranstaltungen als auch für …

Within a hierarchical firm structure, this paper details how the composition of a worker's skills
and the non-observability of a worker's ability affect wage and promotion paths. Promotion …

A theoretical and empirical analysis of within-job and promotion-based incentives for middle
managers is presented, using personnel data from a firm. Within-job incentives are stronger …

Human capital theory is the dominant approach for understanding personal income
distribution. According to this theory, individual income is the result of" human capital". The …

Modern hierarchical organizations, like corporations, must motivate agents to work hard.
Given their pyramid structure, it is not surprising that one commonly used motivator is the …

It is now customary to view the corporation as nexus of explicit and implicit contracts.
Governance determines how the firm's top decision makers (executives) actually administer …

Employees who work in complex environments are often evaluated by their supervisors.
Data on these evaluations promise to be valuable for analyzing career dynamics and human …