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The problem of the principal-agent and promotion tournaments in religious organizations: choosing the next pope

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  • Oliveira, Livio Luiz Soares de
  • Neto, Giácomo Balbinotto

Abstract

This paper shows an application of Promotion Tournaments to religious organizations, which is appropriate, especially in the case of highly ranked institutions such as the Catholic Church. With this objective, we seek to verify the suitability of the use Tournaments in religious organizations, regarding the optimal structure of contracts in order to select, as well as, to promote clerics. Two models are addressed, modified from the originals, through the inclusion of psychic income, both with two clerics with homogeneous skills. Finally, we discuss the advantages and limitations of the Tournaments applied to religious organizations, including its risks and distortions therein.

Suggested Citation

  • Oliveira, Livio Luiz Soares de & Neto, Giácomo Balbinotto, 2013. "The problem of the principal-agent and promotion tournaments in religious organizations: choosing the next pope," MPRA Paper 44610, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:44610
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    File URL: https://mpra.ub.uni-muenchen.de/44679/1/MPRA_paper_44679.pdf
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    References listed on IDEAS

    as
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    3. Iannaccone, Laurence R & Finke, Roger & Stark, Rodney, 1997. "Deregulating Religion: The Economics of Church and State," Economic Inquiry, Western Economic Association International, vol. 35(2), pages 350-364, April.
    4. Stiglitz, Joseph E & Weiss, Andrew, 1983. "Incentive Effects of Terminations: Applications to the Credit and Labor Markets," American Economic Review, American Economic Association, vol. 73(5), pages 912-927, December.
    5. Thurow, Lester C, 1978. "Psychic Income: Useful or Useless?," American Economic Review, American Economic Association, vol. 68(2), pages 142-145, May.
    6. Ehrenberg, Ronald G & Bognanno, Michael L, 1990. "Do Tournaments Have Incentive Effects?," Journal of Political Economy, University of Chicago Press, vol. 98(6), pages 1307-1324, December.
    7. JOHN T. DURKIN Jr. & ANDREW M. GREELEY, 1991. "A Model of Religious Choice Under Uncertainty," Rationality and Society, , vol. 3(2), pages 178-196, April.
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    More about this item

    Keywords

    Religious Organizations; Catholic Church; Tournaments;
    All these keywords.

    JEL classification:

    • J33 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Compensation Packages; Payment Methods

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