External market condition and tournaments: Theory and evidence
Resource
Economics Letters, 99(1), 75-78
Journal
Economics Letters
Journal Volume
99
Journal Issue
1
Pages
75-78
Date Issued
2008
Author(s)
Abstract
This paper adds in a new assumption, 'product price', into the tournament model and shows the convexity of pay structure should become stronger when the produce price increases. Empirical results from a Taiwanese textile company are consistent with the implication. © 2007 Elsevier B.V. All rights reserved.
SDGs
Type
journal article
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