Keser, Claudia; Montmarquette, Claude - Centre Interuniversitaire de Recherche en Analyse des … - 2004
team effort. Although at least one of the players has the subgame perfect equilibrium strategy to choose remuneration based … on private effort, we frequently observe team remuneration chosen by both players. Team remuneration allows for high … player's effort. Due to significant cooperation we observe that in team remuneration participants make higher profits than in …