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Persistent link: https://www.econbiz.de/10001674609
We study the impact of changes in the commitment power of a principal on cooperation among agents, in a model in which the principal and her agents are symmetrically uncertain about the agents' innate abilities. When the principal cannot commit herself to long-term wage contracts, two types of...
Persistent link: https://www.econbiz.de/10014121566
desired level of cooperation. Moreover, teamwork exposes agents to higher risks than the ones they are exposed to in a …
Persistent link: https://www.econbiz.de/10005792112