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Gürtler, Oliver (May 2005): Are 18 holes enough for Tiger Woods? SFB/TR 15 Discussion Paper No. 44
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Abstract

This paper addresses the selection problem in promotion tournaments. I consider a situation with heterogeneous employees and ask whether an employer might be interested in repeating a promotion tournament. On the one hand, this yields a reduction in uncertainty over the employees’ abilities. On the other hand, there are costs if a workplace stays vacant.