Cetemen, Doruk; Hwang, Ilwoo; Kaya, Ayça - In: Theoretical Economics 15 (2020) 3, pp. 1023-1058
We consider dynamic team production in the presence of uncertainty. Team members receive interim feedback that depends on both their current effort level and the project's uncertain prospects. In this environment, each member can encourage the others by making them more optimistic about the...