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framework for corporate insolvency resolution are constantly changing to enhance the efficiency of such mechanisms. This pursuit … contrasts with the lack of specific efficiency data available to both legislators and researchers, there are no solid statistics … to investigate the phenomenon from the perspective of its efficiency, which makes it impossible in practice to …
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Team production is a frequent feature of modern organizations. Combined with team incentives, team production can create externalities among workers, since their utility upon accepting a contract depends on their team's performance and therefore on their colleagues' productivity. We study the...
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We ask whether young agents prefer to work in different-age or same-age production pairs in an overlapping-generations model where wages are reputation-based. We find that inter-generational teams (i) produce more heterogeneity in the old workers' reputations, (ii) generate a greater share of...
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Team production is a frequent feature of modern organizations. Combined with team incentives, team production can create externalities among workers, since their utility upon accepting a contract depends on their team׳s performance and therefore on their colleagues׳ productivity. We study the...
Persistent link: https://www.econbiz.de/10011048648
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