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Laurent Franckx, Isabelle Brose and Alessio DAmato
''Multitask Rank Order Tournaments''
( 2004, Vol. 10 No.10 )
This work extends Lazear and Rosen's seminal paper to evaluate the performance of rank order tournaments when agents perform multiple tasks and the principal chooses, together with the prize spread, the weights assigned to each task in determining aggregate performance of each agent. All essential results of one-dimensional tournaments generalize to a multi-dimensional setting. However, the relative performance of tournaments and linear piece rates is shown to also depend on the covariance between measurement errors.
JEL: J3 - Wages, Compensation, and Labor Costs: General
D8 - Information, Knowledge, and Uncertainty: General
Manuscript Received : Sep 16 2004 Manuscript Accepted : Nov 19 2004

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