The keys to effective teamwork in firms are (1) carefully designed team-formation policies that take into account what … level of diversity of skills, knowledge, and demographics is desirable and (2) balanced team-based incentives. Employers … team-based incentives. …

designs, and we investigate how teams aggregate individual preferences. We find that team decisions reveal less inequality … aversion than individual initial proposals in team decision-making. However, teams are no more selfish than individuals who … decide in isolation. Individuals express strategically more inequality aversion in their initial proposals in team decision …

decentralized team contracts, as well. We prove that the principal may restrict attention to team contracts whenever returns from …