Resumen de Introduction to the Special Issue on Tournaments and Contests

Charles Knoeber, Theofanis Tsoulouhas

• The papers in this special issue represent several of the directions taken by current research on tournaments and contests. Two surveys provide useful insight into promotion contests and into contest functions. Other papers analyze the implications of limited liability, incomplete information, cross-shareholding, and non-binding side payments. And two papers investigate dynamic incentives and momentum.