coordination should be resolved keeping in mind the lessons of the crisis. …

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 …

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 …

. Production of green peas requires a very accurate coordination, which is obtained through centralized decision-making. The … improve the incentives. …

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 …

coordination motives and strategic interactions in information acquisition. The players make decisions in two stages. They decide … the degree of coordination in actions is sufficiently high, then the strategic interaction in the information choice does … not have the same coordination motives as the action choice. Consequently, heterogeneous beliefs can be sustained …

that induces better outcomes through creating correct incentives for market participants is the key to reform. A … national and global coordination of regulators is also required. Global prudential standards can push financial firms to choose …

balanced supervisory control, cognitive measures and coordination pattern of task performance in the team have been examined …

-unit managers’ authority. Realizing synergies then involves a tradeoff between motivation and coordination. Motivating managers … requires narrowly-focused incentives around their area of responsibility. Functional managers become biased toward excessive …