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on a creativity test prior to university entry. We first show that the creative abilities of peers matter for a student …'s academic achievement. A one standard deviation higher creativity peer group improves study performance by 8.4 to 10 percentage … points. Notably, this effect is driven by the average group creativity, there is no special impact of creative superstars …
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One of the most relevant and exciting issues in the latest decades in economics had been the asymmetric information and uncertainty, and their effects on market processes and efficiency. Some studies show that markets where information problems or/and uncertainty arise tend to be "networked",...
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In many firms, production requires the division of staff into teams. If only team performance is observable, moral hazard in teams is inevitable. This variant of moral hazard can be overcome or exacerbated by the interpersonal relationships among team members. I investigate how the division of...
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