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other, a relational contract involving teamwork can help to improve an agent's performance. The mutual promise to work … and teamwork renders no technological benefits. Moreover, we show that even if teamwork does render technological benefits …
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Morally motivated individuals behave more cooperatively than predicted by standard theory. Hence,if a firm can attract workers who are strongly motivated by ethical concerns, moral hazard problems like shirking can be reduced. We show that employers may be able to use the firm’s corporate...
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