Teamwork Frictions in the Ricardian Production Framework
Speaker
Oscar Volij
Date
04/06/2024 - 12:30 - 11:15Add To Calendar
2024-06-04 11:15:00
2024-06-04 12:30:00
Teamwork Frictions in the Ricardian Production Framework
We introduce frictions in the Ricardian team production model, which create strategic interactions in teamwork. Specifically, these frictions stem from a partial congruence of the players' preferences with the team's objective. We characterize the equilibria of the resulting interaction and obtain conditions for the efficient effort functions to constitute an equilibrium.
BIU Economics common room
אוניברסיטת בר-אילן - Department of Economics
Economics.Dept@mail.biu.ac.il
Asia/Jerusalem
public
Place
BIU Economics common room
Affiliation
Ben Gurion University
Abstract
We introduce frictions in the Ricardian team production model, which create strategic interactions in teamwork. Specifically, these frictions stem from a partial congruence of the players' preferences with the team's objective. We characterize the equilibria of the resulting interaction and obtain conditions for the efficient effort functions to constitute an equilibrium.
Last Updated Date : 27/05/2024