interaction among team members positively affects the principal's payoff. Greater team cooperation is successfully induced with … communication on team cooperation in the absence of ongoing team interaction. Fostering communication among team members does not … significantly affect the principal's payoff, suggesting that agents' communication is an imperfect substitute for ongoing team …

performance, in a relational contract between a principal and a team of two agents. A main result is that the optimal incentive …

We study an infinitely-repeated game of team production, where agents must supply costly effort under moral hazard. The … principal also has the option to delegate an additional production-relevant decision to a team member. We provide conditions …

sophisticated ways to misalign workers’ incentives can be used to extract the full surplus from a team of workers growing …