Breton, M.; St-Amour, P.; Vencatachellum, D. - HEC Montréal (École des Hautes Études Commerciales) - 1998
This paper studies the informational content of elective teams in a dynamic agency framework with adverse selection. Two agents with different employment histories are paid their conditional expected marginal product. They observe their types (good or bad), and chooose between working together...