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than purely self-interested agents for a given prize structure. Contrary to standard tournament theory first-best efforts …
Persistent link: https://www.econbiz.de/10011415111
Persistent link: https://www.econbiz.de/10001799688
We provide an explanation for peer pressure in teams based on inequity aversion. Analyzing a two-period model with two agents, we find that the effect of inequity aversion strongly depends on the information structure. When contributions are unobservable, agents act as if they were purely...
Persistent link: https://www.econbiz.de/10003652683