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global economy. Our studies of engineering in multinational home countries and in emerging economies suggest that the U ….S. cannot match the numbers of engineers being trained in India and China, and it is not clear how much benefits to U.S. firms … technology system. We should train global engineers, support research where there is true comparative advantage, and develop …
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This paper examines moral hazard in teams over time. Agents are collectively engaged in an uncertain project, and their individual efforts are unobserved. Free-riding leads not only to a reduction in effort, but also to procrastination. The collaboration dwindles over time, but never ceases as...
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