I am trying to find one specific model from organizational economics that I encountered in one of my past classes, but I cant remember the name of the model and google scholar search based on some of the information below was not helpful, and I can't find my notes from that class either.
- The model was model of principal agent relationship where principal cannot observe agents ability.
- I recall that the feature of the model was that there was large pool of agents.
- The model was about setting up some incentive structure to exert agent put optimal level of effort.
- The outcome is supposed to be some mechanism that looks like sport competition, where you have one big prize for the 'winner(s)', but everyone else gets nothing.
I am also looking not just for the model name but also some reference that has some rigorous treatment of the model.