Even though decision-making in small teams is pervasive in business and in private life, littleis known about subjects’ preferences with respect to individual and team decision-making andabout the consequences of respecting these preferences. We report the results from anexperimental...

We model deferred compensation as a share of an uncertain futureprofit granted by a financially constrained employer to her employeein mutual agreement. Deferred compensation serves as a retentionmechanism, helping the employer to avoid bankruptcy. The optimalcombination of cash and deferred...

The paper presents a linear model of product quality in scientific competition.The only outputs of research are published papers; the onlyinputs are labor and papers by other researchers, which are cited whenused. Researchers compete for status, measured as their rank in a citationscount. If...