Bhattacharya, Sukanta; Banerjee, Sarmila; Mukherjee, … - In: The Journal of International Trade & Economic Development 17 (2008) 1, pp. 1-19
moral hazard, we show that rewarding group success by promising a joint benefit can be used as an alternative mechanism to … solve informational problems. We also show that, unlike joint liabilitymechanism, this joint-benefit mechanism would ensure …