robustness of coordination in a forecasting setting implementing contradictory incentives for accurate forecasts and coordination … consensus values. Strategic coordination can consequently explain poor performances of prediction markets as resulting from the … distinct incentives that forecasters face. While this notion has been considered theoretically and empirically, the underlying …

's perspective -- but also by the ability of the coordination mechanism to provide incentives for efficient activity levels as …This paper derives firm boundaries as the outcome of an equilibrium coordination mechanism. The analysis is premised on … perfectly competitive setting, this coordination activity is accomplished via a price mechanism that coordinates the decisions …

decision making creates problems of aligning incentives of vertically related agents, and coordinating the actions of different …. The coordination problem is overcome by conditioning output targets and payments on cost reports submitted by other … or coordination problems. …

either start with low financial incentives for coordination, which typically leads to coordination failure, and then are … switched to higher incentives or start with high incentives, which typically yield effective coordination, and are switched to … previous research, we have shown that financial incentives can be used to find a way out of such performance traps. Here we …

managerial intervention subjects invariably slip into coordination failure. To overcome a history of coordination failure …, managers have two instruments at their disposal, increasing employees' financial incentives to coordinate and communication …

patterns of behavior. Using controlled laboratory experiments, we study how financial incentives can be used to find a way out … phase, the benefits of coordination are low relative to the cost of increased effort. Play in this initial phase typically … explores the effects of varying the financial incentives to coordinate at a higher effort level. We find that an increase in …

own individual incentives and may consequently fail to maximize the overall profits of the firm. We examine this issue in … incentives. We illustrate the flexibility of the scheme by applying it to several models in the operations management literature. …