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One-stage procedure either combines these two stages or omits the first stage effort.
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Moreover, the larger the first-stage effort gap, the lower are second-stage efforts.
We consider two-stage tournaments with different information structures: Either competitors observe each others' first-stage effort before entering the second stage or not.
In contrast, when there is an effort externality (i.e., first-stage effort reduces or increases the probability of a second-stage success), then the principal prefers to hire two agents whenever the tasks are conflicting.
Suppose that there is an outcome externality; i.e., a first-stage success can make second-stage effort more or less effective.
It was her first stage directorial effort following the troubled "Spider-Man: Turn Off the Dark" on Broadway.
The first stage in the effort was to develop a bit of computer code called a beacon that could be inserted into the computers, which were made by the German company Siemens and an Iranian manufacturer, to map their operations.
MOSCOW — The Orange coalition of Western-leaning political factions in Ukraine's Parliament disintegrated Tuesday, in what could be the first stage in an effort to unseat Prime Minister Yulia V. Tymoshenko.
The French Republic sought to capture Egypt as the first stage in an effort to threaten British India, and thus force Great Britain to make peace.
The electoral council missed its own deadline of Tuesday for evaluating the legitimacy of the 400,000 signatures the opposition collected in the first stage of its efforts to force the plebiscite.
The college has allotted $5.5 million to finance the first stage of the recruitment effort.
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CEO of Professional Science Editing for Scientists @ prosciediting.com