Tournament Compensation is a compensation structure in which individuals are rewarded based on their relative performance ranking within a hierarchical or competitive organizational setting, distinguished by its emphasis on positional outcomes rather than absolute performance levels.
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Rank-Order Tournaments as Optimum Labor Contracts
Edward P. Lazear, Sherwin Rosen · Journal of Political Economy · 1981 · 4.6K citations · Full text
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Universität Innsbruck
Innsbruck, Austria
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Auburn University
Auburn, United States
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Salt Lake City, United States
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Ithaca, United States
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Clemson, United States
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New York, United States
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Austin, United States
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San Antonio, United States
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