Browsing Department of Business and Management Science by Subject "teams"

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    • Relational Contracts, Multiple Agents, and Correlated Outputs 

      Kvaløy, Ola; Olsen, Trond Egil (Journal article; Peer reviewed, 2019)
      We analyze relational contracts between a principal and a set of risk-neutral agents whose outputs are correlated. When only the agents’ aggregate output can be observed, a team incentive scheme is shown to be optimal, ...

    • Some comments on free-riding in leontief partnerships 

      Hvide, Hans K. (Discussion paper, Working paper, 2001)
      Holmström (1982) showed that free-riding is inevitable in partnerships where inputs are substitutes. Legros & Matthews (1993) and Vislie (1994) showed that when inputs are strict complements (Leontief technology), free-riding ...