representation (PR), was the desire of the Conservative and Liberal parties to come up with a way of credibly dividing power to avoid … civil war and conflict, a force intensified by the brutal conflict of the War of a Thousand days between 1899 and 1902. The … problem with majoritarian electoral institutions was that they did not allocate power in a way which matched the support of …

We introduce learning into a Hotelling model of a non-renewable resource market. By combining learning and scarcity we … learning model we show how a self confirming equilibrium exists but is not constant over time. As scarcity increases the SCE … significantly alters escape dynamics with the time to escape shortening and the magnitude of dynamics reducing as scarcity rises. In …

with groups using data of two thousand firms from nine East Asian economies between 1994-96. We find that mature and slow …

This Paper evaluates the impact of a team-based incentive scheme piloted in the public sector agency, Jobcentre Plus … against our data. We find that team size affects the impact of the incentive scheme upon performance. Moreover, while the …

other in a team. Our results suggest that teams in which the importance of these benefits varies across team members are …In this paper we analyse the frequently observed phenomenon that (i) some members of a team ('black sheep') exhibit … behaviour disliked by other (honest) team members, who (ii) nevertheless refrain from reporting such misbehaviour to the …

particular agents can lead to a third agent being endogenously excluded from the team, even if his own synergy is unchanged. This … result has implications for optimal team composition and firm boundaries. …

particular agents can lead to a third agent being endogenously excluded from the team, even if his own synergy is unchanged. This … result has implications for optimal team composition and firm boundaries. …

Many organizations rely on teamwork, and yet field evidence on the impacts of team-based incentives remains scarce …. Compared to individual incentives, team incentives can affect productivity by changing both workers’ effort and team … productivity and composition of teams. Strengthening incentives, either through rankings or tournaments, makes workers more likely …

scheme of incentives in a major government agency. The incentive scheme was based on teams and covered quantity and quality … worker productivity, what the team basis of the scheme implies, and the impact of the differential measurement precision. We … the incentive scheme had a substantial positive effect in small teams, and a negative response in large teams. We found …

Consider Holmström.s moral hazard in teams problem when there are n agents, each agent i has a a …