1997
DOI: 10.1016/s0165-4101(96)00446-6
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Teams, repeated tasks, and implicit incentives

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Cited by 80 publications
(51 citation statements)
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“…This provides incentives for team self-management and encourages a tit-for-tat strategy among the agents (Tirole 1988;Varian 1990;Kandal and Lazear 1992;Itoh 1993;Arya, Fellingham and Glover 1997). For example, a mutual monitoring system proposed by Arya, Fellingham and Glover (1997) provides outputbased team incentives in the odd periods, meaning that each agent's compensation is increasing in team output and that each agent prefers the other agent working to the other agent shirking. In the even periods, the system works in such a way that each agent's net profit is determined solely by the other agent's decision.…”
Section: Agency Theory On Contracting With Multiple Agentsmentioning
confidence: 99%
“…This provides incentives for team self-management and encourages a tit-for-tat strategy among the agents (Tirole 1988;Varian 1990;Kandal and Lazear 1992;Itoh 1993;Arya, Fellingham and Glover 1997). For example, a mutual monitoring system proposed by Arya, Fellingham and Glover (1997) provides outputbased team incentives in the odd periods, meaning that each agent's compensation is increasing in team output and that each agent prefers the other agent working to the other agent shirking. In the even periods, the system works in such a way that each agent's net profit is determined solely by the other agent's decision.…”
Section: Agency Theory On Contracting With Multiple Agentsmentioning
confidence: 99%
“…Such contracts are not subject to the tacit collusion problem by virtue of providing dominant strategy incentives. Third, in repeated settings, collusion can be turned into cooperation (implicit contracting between the agents that benefits the principal) by using aggregate performance measures to motivate mutual monitoring by the agents (Arya et al, 1997a). The monograph surveys existing research on these three themes (with a fairly narrow focus on my own research) and presents a few new results.…”
Section: Introductionmentioning
confidence: 99%
“…Relational contracting and mutual monitoring among the agents create a role for joint performance evaluation, even when the joint performance measure is an aggregation of individual performances measures that could be contracted on individually (Arya et al, 1997a;Che and Yoo, 2001).…”
Section: Introductionmentioning
confidence: 99%
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