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In many firms, production requires the division of staff into teams. If only team performance is observable, moral hazard in teams is inevitable. This variant of moral hazard can be overcome or exacerbated by the interpersonal relationships among team members. I investigate how the division of...
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due to the public good nature of pollution abatement. The theory of international environmental agreements (IEAs) in … century. The problem is that theory suggests fairly low (even zero) levels of contribution to a public good and high levels of …
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