We analyze relational contracting between a principal and a team of agents where only aggregate output is observable …. We deduce optimal team incentive contracts under different set of assumptions, and show that the principal can use team … size and team composition as instruments in order to improve incentives. In particular, the principal can strengthen the …

incentive bonuses to a team of employees, who would thus exert effort to reduce operational risk losses. We characterize … general modeling framework to capture team-based effort and an incentive bonus toward risk mitigation …

tasks. We analyze the effects of the salience of incentives in a team production setting where the principal has an interest …, reduces quality, and increases in-pocket income of team managers …