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| Jaesoo Kim and Jongwoo Park |
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| ''Monitoring in Tournaments'' |
| ( 2014, Vol. 34 No.3 ) |
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| We show that less monitoring can increase effort and alleviate the moral hazard problem in tournaments. We also find a unique optimal level of monitoring based on contestants' abilities. As the difference between their abilities gets larger, the contest designer should monitor less. |
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| Keywords: tournament, moral hazard, monitoring |
JEL: M5 - Personnel Economics: General
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| Manuscript Received : Apr 09 2013 | | Manuscript Accepted : Jul 08 2014 |
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