We study project development and selection by an organization whose members prefer different projects. The organization faces a basic trade-off between fostering collaboration among its members and efficiently adapting its decisions to its circumstances. If the organization commits to choosing...

A principal incentivizes a team of agents to work by privately offering them bonuses contingent on team success. We study the principal's optimal incentive scheme that implements work as a unique equilibrium. This scheme leverages rank uncertainty to address strategic uncertainty. Each agent is...