University of Surrey

Test tubes in the lab Research in the ATI Dance Research

How to share it out: The value of information in teams

Gershkov, A, Li, J and Schweinzer, P (2016) How to share it out: The value of information in teams Journal of Economic Theory, 162. pp. 261-304.

[img] Text
teams-37.pdf
Restricted to Repository staff only until 15 September 2017.
Available under License : See the attached licence file.

Download (469kB)
[img]
Preview
Text (licence)
SRI_deposit_agreement.pdf
Available under License : See the attached licence file.

Download (33kB) | Preview

Abstract

We study the role of information exchange, leadership, and coordination in team and partnership structures. For this purpose, we view individuals jointly engaging in productive processes—a “team”—as endowed with individual and privately held information on the joint production process. Once each team member decides on whether or not to share his private information truthfully, he chooses which effort to exert in the joint production process. This effort, however, is not contractible: only the realized output (or profit) of the team can be observed. Our central question is whether or not incentives can be provided to a team in this environment such that team members communicate their private information and exert efficient productive efforts on the basis of this communication. Our main result shows that there exists a simple ranking-based contract that implements both desiderata in a wide set of situations.

Item Type: Article
Subjects : Economics
Divisions : Faculty of Arts and Social Sciences > School of Economics
Authors :
AuthorsEmailORCID
Gershkov, AUNSPECIFIEDUNSPECIFIED
Li, JUNSPECIFIEDUNSPECIFIED
Schweinzer, PUNSPECIFIEDUNSPECIFIED
Date : 15 March 2016
Identification Number : 10.1016/j.jet.2015.12.013
Additional Information : © 2016. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/
Depositing User : Symplectic Elements
Date Deposited : 03 Feb 2016 11:54
Last Modified : 03 Feb 2016 11:54
URI: http://epubs.surrey.ac.uk/id/eprint/809859

Actions (login required)

View Item View Item

Downloads

Downloads per month over past year


Information about this web site

© The University of Surrey, Guildford, Surrey, GU2 7XH, United Kingdom.
+44 (0)1483 300800