Construct · 1 fields · 1 citations

tournament theory: a standalone construct

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Labor economics

paying workers by relative rank, as in promotions, which can elicit effort efficiently.

In labor economics, tournament theory refers to paying workers by relative rank, as in promotions, which can elicit effort efficiently. This meaning comes from Lazear (1981) in Journal of Political Economy.[1]

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Nearby constructs

effort2 fields · 2 citationsjingle · one word, two constructs labor4 fields · 4 citationsjingle · one word, four constructs rank4 fields · 8 citationsjingle · one word, four constructs

References

Lazear, E. P., & Rosen, S. (1981). Rank-Order Tournaments as Optimum Labor Contracts. Journal of Political Economy, 89(5), 841-864. https://doi.org/10.1086/261010

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